BloombergGlobal News brings you live coverage of the markets open and close, plus everything you need to know across business, finance, technology, politics and more daily.
To watch complete markets coverage on Bloomberg Television 24/7, visit http://www.bloomberg.com/live, the Bloomberg mobile app for iOS and Android, and on Apple TV, Roku, Samsung TV, Amazon Fire and Google TV.
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On Reality Asserts Itself, Ms. Foroohar says financialization delivers stagnant wages, inequality and economic crisis; the Financial Times columnist and author of “Makers and Takers” says the financial sector represents only 7 percent of the U.S. economy, but takes around 25 percent of all corporate profit while creating only 4 percent of all jobs - with host Paul JayVisithttp://therealnews.com for more stories and help support our work by donating at http://therealnews.com/donate.

published:09 May 2018

views:180

Eight years on from the biggest market meltdown since the Great Depression, the key lessons of the crisis of 2008 still remain unlearned—and our financial system is just as vulnerable as ever. Many of us know that our government failed to fix the banking system after the subprime mortgage crisis. But what few of us realize is how the misguided financial practices and philosophies that nearly toppled the global financial system have come to infiltrate ALL American businesses, putting us on a collision course for another cataclysmic meltdown. Join us for lunch and conversation with Rana Foroohar, "Time" assistant managing editor and economic columnist, and Tim O'Reilly of O'Reilly Media Inc.
Speaker Rana Foroohar is AssistantManaging Editor of TIME.
Tim O'Reilly, Founder and CEO, O'Reilly Media, moderates the discussion.
For more information about this event please visit: http://www.worldaffairs.org/event-calendar/event/1611

published:29 Jun 2016

views:8275

Legislation passed by the federal government during the 1980s, such as the Depository Institutions Deregulation and Monetary Control Act of 1980 and the Garn–St. Germain Depository Institutions Act of 1982, reduced the distinctions between banks and other financial institutions in the United States. This legislation is frequently referred to as "deregulation," and it is often blamed for the failure of over 500 savings and loan associations between 1980 and 1988, and the subsequent failure of the FederalSavings and LoanInsuranceCorporation (FSLIC) whose obligations were assumed by the FDIC in 1989. However, some critics of this viewpoint, particularly libertarians, have pointed-out that the federal government's attempts at deregulation granted easy credit to federally insured financial institutions, encouraging them to overextend themselves and (thus) fail.
The savings and loan crisis of the 1980s and 1990s was the failure of 747 of the 3,234 savings and loan associations in the United States. "As ofDecember 31, 1995, RTC estimated that the total cost for resolving the 747 failed institutions was $87.9 billion." The remainder of the bailout was paid for by charges on savings and loan accounts—which contributed to the large budget deficits of the early 1990s.[55]
The concomitant slowdown in the finance industry and the real estate market may have been a contributing cause of the 1990–1991 economic recession. Between 1986 and 1991, the number of new homes constructed per year dropped from 1.8 million to 1 million, which was at the time the lowest rate since World War II.
Until 1989, national banks (those with national charters) were required to participate in the FDIC, while state banks either were required to obtain FDIC insurance by state law or could join voluntarily (usually in an attempt to bolster their appearance of solvency). After enactment of the Federal Deposit Insurance Corporation Improvement Act of 1989 (FDICIA), all commercial banks that accepted deposits were required to obtain FDIC insurance and to have a primary federal regulator (the Fed for state banks that are members of the Federal Reserve System, the FDIC for "nonmember" state banks, and the Office of the Comptroller of the Currency for all NationalBanks).
Note: Federal credit unions are regulated by National Credit Union Administration (NCUA). Savings & Loan Associations (S&L) and Federal savings banks (FSB) are regulated by the Office of Thrift Supervision (OTS).
The Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 amended the laws governing federally chartered banks in order to restore the laws' competitiveness with the recently relaxed laws governing state-chartered banks.
The late-2000s financial crisis is considered by many economists to be the worst financial crisis since the Great Depression.[66] It was triggered by a liquidity shortfall in the United States banking system[67] and has resulted in the collapse of large financial institutions, the bailout of banks by national governments, and downturns in stock markets around the world. In many areas, the housing market has also suffered, resulting in numerous evictions, foreclosures and prolonged vacancies. It contributed to the failure of key businesses, declines in consumer wealth estimated in the trillions of U.S. dollars, and a significant decline in economic activity, leading to a severe global economic recession in 2008.[68]
The collapse of the U.S. housing bubble, which peaked in 2006, caused the values of securities tied to U.S. real estate pricing to plummet, damaging financial institutions globally.[69] Questions regarding bank solvency, declines in credit availability and damaged investor confidence had an impact on global stock markets, where securities suffered large losses during 2008 and early 2009. Economies worldwide slowed during this period, as credit tightened and international trade declined. Critics argued that credit rating agencies and investors failed to accurately price the risk involved with mortgage-related financial products, and that governments did not adjust their regulatory practices to address 21st-century financial markets. Governments and central banks responded with unprecedented fiscal stimulus, monetary policy expansion and institutional bailouts.
http://en.wikipedia.org/wiki/Banking_in_the_United_States

published:26 Feb 2015

views:919

ProfessorNiall Ferguson examines the origins of the pillars of the world's financial system, and how behind every great historical phenomenon -- empires and republics, wars and revolutions -- there lies a financial secret.
Episode 1: Dreams of Avarice. From Shylock's pound of flesh to the loan sharks of Glasgow, from the 'promises to pay' on Babylonian clay tablets to the Medici banking system, Professor Ferguson explains the origins of credit and debt and why credit networks are indispensable to any civilization.
Episode 2: HumanBondage. How did finance become the realm of the masters of the universe? Through the rise of the bond market in Renaissance Italy. With the advent of bonds, war finance was transformed and spread to north-west Europe and across the Atlantic. It was the bond market that made the Rothschilds the richest and most powerful family of the 19th century. And today governments are asking it to bail them out.
Episode 3: BlowingBubbles. Why do stock markets produce bubbles and busts? Professor Ferguson goes back to the origins of the joint stock company in Amsterdam and Paris. He draws telling parallels between the current stock market crash and the 18th-centuryMississippi Bubble of Scottish financier John Law and the 2001Enron bankruptcy. He shows why humans have a herd instinct when it comes to investment, and why no one can accurately predict when the bulls might stampede.
Episode 4: Risky Business. Life is a risky business -- which is why people take out insurance. But faced with an unexpected disaster, the state has to step in. Professor Ferguson travels to post-Katrina New Orleans to ask why the free market can't provide adequate protection against catastrophe. His quest for an answer takes him to the origins of modern insurance in the early 19th century and to the birth of the welfare state in post-war Japan.
Episode 5: Safe As Houses. It sounded so simple: give state-owned assets to the people. After all, what better foundation for a property-owning democracy than a campaign of privatisation encompassing housing? An economic theory says that markets can't function without mortgages, because it's only by borrowing against their assets that entrepreneurs can get their businesses off the ground. But what if mortgages are bundled together and sold off to the highest bidder?
Episode 6: Chimerica. Since the 1990s, once risky markets in Asia, Latin America and eastern Europe have become better investments than the UK or US stock market. The explanation is the rise of 'Chimerica', the economic marriage of China and the United States. But does it make sense for poor Chinese savers to lend to rich American spenders?
http://www.RebelMystic.com

June 14 (Bloomberg) -- Entrepreneur Mark Cuban discusses the U.S. Economy and starting a business with Trish Regan at the Clinton Global Initiative in Chicago on Bloomberg Television's "Street Smart." (Source: Bloomberg)
--Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg
On Bloomberg Television's "Street Smart," hosts Trish Regan and Adam Johnson bring you the most important market news and analysis affecting the S&P 500, Dow Jones Industrial Average, and the Nasdaq for your last trade of today and first trade for tomorrow. Broadcasting daily from Bloomberg TV's headquarters in New York, this business news show centered around the closing bell on New York exchanges, is targeted to provide the best analysis of the day's leading market headlines with a mix of original reporting, earnings news and expert sourcing from Wall Street's sharpest options traders, equity strategists and company analysts.
Trish Regan and Adam Johnson provide actionable insight on the capital markets daily with regular segments such as "Chart Attack," depicting likely market moves before they happen, and "Insight & Action" which explains original trading ideas that can make you money. In addition, "Street Smart" is filled with breaking news, political analysis, and market-moving interviews with exclusive guests such billionaire investor Carl Icahn, hedge fund titan Bill Ackman, automaker Elon Musk and more.
"Street Smart" broadcasts at 3-5pm ET/12-2pm PT. For a complete compilation of Street Smart videos, visit: http://www.bloomberg.com/video/street-smart/
Watch "Street Smart" on TV, on the Bloomberg smartphone app, on the Bloomberg TV + iPad app or on the web: http://bloomberg.com/tv
Bloomberg Television offers extensive coverage and analysis of international business news and stories of global importance. It is available in more than 310 million households worldwide and reaches the most affluent and influential viewers in terms of household income, asset value and education levels. With production hubs in London, New York and Hong Kong, the network provides 24-hour continuous coverage of the people, companies and ideas that move the markets.

In this MajorityReport segment, Rana Foroohar, editor at "Time" magazine and author of a recently published book on what banking and the financial system are doing to damage our economy.
Watch the Majority Report, live M-F at 12 noon EST and via daily podcast at http://Majority.FM
Download our FREE app: http://majorityapp.com
SUPPORT the show by becoming a member: http://jointhemajorityreport.com
and
BUY all of your Amazon purchase thru our Amazon affiliate link: http://majorityreportkickback.com
LIKE us on Facebook: http://facebook.com/MajorityReport
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published:13 Jun 2016

views:3849

published:10 Apr 2012

views:79

Posted with Permission - Please support the video creators by buying the high quality video from their website or by making a donation
http://theamericandreamfilm.com/
The AMERICAN DREAM is a 30 minute animated film that shows you how you've been scammed by the most basic elements of our government system. All of usAmericans strive for the American Dream, and this film shows you why your dream is getting farther and farther away. Do you know how your money is created? Or how banking works? Why did housing prices skyrocket and then plunge? Do you really know what the Federal Reserve System is and how it affects you every single day? THE AMERICAN DREAM takes an entertaining but hard hitting look at how the problems we have today are nothing new, and why leaders throughout our history have warned us and fought against the current type of financial system we have in America today. You will be challenged to investigate some very entrenched and powerful institutions in this nation, and hopefully encouraged to help get our nation back on track.
Buy the high quality video from the website,
http://theamericandreamfilm.com/
The video creators understand that how the monetary system works can be very confusing to some and have done a brilliant job in explaining how the whole system is set up to keep you forever in debt. This is not what the original founding fathers of America had in mind.
Also, this is not just an American problem. It's the same scam in nearly all countries around the world

Business

A business, also known as an enterprise, agency or a firm, is an entity involved in the provision of goods and/or services to consumers. Businesses are prevalent in capitalisteconomies, where most of them are privately owned and provide goods and services to customers in exchange for other goods, services, or money. Businesses may also be social not-for-profit enterprises or state-owned public enterprises targeted for specific social and economic objectives. A business owned by multiple individuals may be formed as an incorporated company or jointly organised as a partnership. Countries have different laws that may ascribe different rights to the various business entities.

Business can refer to a particular organization or to an entire market sector, e.g. "the music business". Compound forms such as agribusiness represent subsets of the word's broader meaning, which encompasses all activity by suppliers of goods and services. The goal is for sales to be more than expenditures resulting in a profit.

Rana Foroohar

Rana Foroohar is the assistant managing editor for Time magazine. In the past, she has written for Forbes magazine and was Deputy Editor in charge of international business and economics for Newsweek, where she had previously spent six years as the London-based correspondent covering European economics and the Middle East. For this reporting, she received the German Marshall Fund's Peter R. Weitz Prize for transatlantic reporting.

External links

Bloomberg Global News

BloombergGlobal News brings you live coverage of the markets open and close, plus everything you need to know across business, finance, technology, politics and more daily.
To watch complete markets coverage on Bloomberg Television 24/7, visit http://www.bloomberg.com/live, the Bloomberg mobile app for iOS and Android, and on Apple TV, Roku, Samsung TV, Amazon Fire and Google TV.
Connect with us on...
Twitter: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness/
Instagram: https://www.instagram.com/bloombergbusiness/

Museum of American Finance

The Rise of Finance and the Fall of American Business - RAI with Rana Foroohar (1/6)

The Rise of Finance and the Fall of American Business - RAI with Rana Foroohar (1/6)

The Rise of Finance and the Fall of American Business - RAI with Rana Foroohar (1/6)

On Reality Asserts Itself, Ms. Foroohar says financialization delivers stagnant wages, inequality and economic crisis; the Financial Times columnist and author of “Makers and Takers” says the financial sector represents only 7 percent of the U.S. economy, but takes around 25 percent of all corporate profit while creating only 4 percent of all jobs - with host Paul JayVisithttp://therealnews.com for more stories and help support our work by donating at http://therealnews.com/donate.

1:01:44

Rana Foroohar: The Rise of Finance and the Fall of American Business

Rana Foroohar: The Rise of Finance and the Fall of American Business

Rana Foroohar: The Rise of Finance and the Fall of American Business

Eight years on from the biggest market meltdown since the Great Depression, the key lessons of the crisis of 2008 still remain unlearned—and our financial system is just as vulnerable as ever. Many of us know that our government failed to fix the banking system after the subprime mortgage crisis. But what few of us realize is how the misguided financial practices and philosophies that nearly toppled the global financial system have come to infiltrate ALL American businesses, putting us on a collision course for another cataclysmic meltdown. Join us for lunch and conversation with Rana Foroohar, "Time" assistant managing editor and economic columnist, and Tim O'Reilly of O'Reilly Media Inc.
Speaker Rana Foroohar is AssistantManaging Editor of TIME.
Tim O'Reilly, Founder and CEO, O'Reilly Media, moderates the discussion.
For more information about this event please visit: http://www.worldaffairs.org/event-calendar/event/1611

27:31

American Finance: Banking, Financial Markets, Money and Stocks (2014)

American Finance: Banking, Financial Markets, Money and Stocks (2014)

American Finance: Banking, Financial Markets, Money and Stocks (2014)

Legislation passed by the federal government during the 1980s, such as the Depository Institutions Deregulation and Monetary Control Act of 1980 and the Garn–St. Germain Depository Institutions Act of 1982, reduced the distinctions between banks and other financial institutions in the United States. This legislation is frequently referred to as "deregulation," and it is often blamed for the failure of over 500 savings and loan associations between 1980 and 1988, and the subsequent failure of the FederalSavings and LoanInsuranceCorporation (FSLIC) whose obligations were assumed by the FDIC in 1989. However, some critics of this viewpoint, particularly libertarians, have pointed-out that the federal government's attempts at deregulation granted easy credit to federally insured financial institutions, encouraging them to overextend themselves and (thus) fail.
The savings and loan crisis of the 1980s and 1990s was the failure of 747 of the 3,234 savings and loan associations in the United States. "As ofDecember 31, 1995, RTC estimated that the total cost for resolving the 747 failed institutions was $87.9 billion." The remainder of the bailout was paid for by charges on savings and loan accounts—which contributed to the large budget deficits of the early 1990s.[55]
The concomitant slowdown in the finance industry and the real estate market may have been a contributing cause of the 1990–1991 economic recession. Between 1986 and 1991, the number of new homes constructed per year dropped from 1.8 million to 1 million, which was at the time the lowest rate since World War II.
Until 1989, national banks (those with national charters) were required to participate in the FDIC, while state banks either were required to obtain FDIC insurance by state law or could join voluntarily (usually in an attempt to bolster their appearance of solvency). After enactment of the Federal Deposit Insurance Corporation Improvement Act of 1989 (FDICIA), all commercial banks that accepted deposits were required to obtain FDIC insurance and to have a primary federal regulator (the Fed for state banks that are members of the Federal Reserve System, the FDIC for "nonmember" state banks, and the Office of the Comptroller of the Currency for all NationalBanks).
Note: Federal credit unions are regulated by National Credit Union Administration (NCUA). Savings & Loan Associations (S&L) and Federal savings banks (FSB) are regulated by the Office of Thrift Supervision (OTS).
The Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 amended the laws governing federally chartered banks in order to restore the laws' competitiveness with the recently relaxed laws governing state-chartered banks.
The late-2000s financial crisis is considered by many economists to be the worst financial crisis since the Great Depression.[66] It was triggered by a liquidity shortfall in the United States banking system[67] and has resulted in the collapse of large financial institutions, the bailout of banks by national governments, and downturns in stock markets around the world. In many areas, the housing market has also suffered, resulting in numerous evictions, foreclosures and prolonged vacancies. It contributed to the failure of key businesses, declines in consumer wealth estimated in the trillions of U.S. dollars, and a significant decline in economic activity, leading to a severe global economic recession in 2008.[68]
The collapse of the U.S. housing bubble, which peaked in 2006, caused the values of securities tied to U.S. real estate pricing to plummet, damaging financial institutions globally.[69] Questions regarding bank solvency, declines in credit availability and damaged investor confidence had an impact on global stock markets, where securities suffered large losses during 2008 and early 2009. Economies worldwide slowed during this period, as credit tightened and international trade declined. Critics argued that credit rating agencies and investors failed to accurately price the risk involved with mortgage-related financial products, and that governments did not adjust their regulatory practices to address 21st-century financial markets. Governments and central banks responded with unprecedented fiscal stimulus, monetary policy expansion and institutional bailouts.
http://en.wikipedia.org/wiki/Banking_in_the_United_States

4:00:15

The Ascent of Money: A Financial History of The World by Niall Ferguson Epsd 1 5 Full Documentary

The Ascent of Money: A Financial History of The World by Niall Ferguson Epsd 1 5 Full Documentary

The Ascent of Money: A Financial History of The World by Niall Ferguson Epsd 1 5 Full Documentary

ProfessorNiall Ferguson examines the origins of the pillars of the world's financial system, and how behind every great historical phenomenon -- empires and republics, wars and revolutions -- there lies a financial secret.
Episode 1: Dreams of Avarice. From Shylock's pound of flesh to the loan sharks of Glasgow, from the 'promises to pay' on Babylonian clay tablets to the Medici banking system, Professor Ferguson explains the origins of credit and debt and why credit networks are indispensable to any civilization.
Episode 2: HumanBondage. How did finance become the realm of the masters of the universe? Through the rise of the bond market in Renaissance Italy. With the advent of bonds, war finance was transformed and spread to north-west Europe and across the Atlantic. It was the bond market that made the Rothschilds the richest and most powerful family of the 19th century. And today governments are asking it to bail them out.
Episode 3: BlowingBubbles. Why do stock markets produce bubbles and busts? Professor Ferguson goes back to the origins of the joint stock company in Amsterdam and Paris. He draws telling parallels between the current stock market crash and the 18th-centuryMississippi Bubble of Scottish financier John Law and the 2001Enron bankruptcy. He shows why humans have a herd instinct when it comes to investment, and why no one can accurately predict when the bulls might stampede.
Episode 4: Risky Business. Life is a risky business -- which is why people take out insurance. But faced with an unexpected disaster, the state has to step in. Professor Ferguson travels to post-Katrina New Orleans to ask why the free market can't provide adequate protection against catastrophe. His quest for an answer takes him to the origins of modern insurance in the early 19th century and to the birth of the welfare state in post-war Japan.
Episode 5: Safe As Houses. It sounded so simple: give state-owned assets to the people. After all, what better foundation for a property-owning democracy than a campaign of privatisation encompassing housing? An economic theory says that markets can't function without mortgages, because it's only by borrowing against their assets that entrepreneurs can get their businesses off the ground. But what if mortgages are bundled together and sold off to the highest bidder?
Episode 6: Chimerica. Since the 1990s, once risky markets in Asia, Latin America and eastern Europe have become better investments than the UK or US stock market. The explanation is the rise of 'Chimerica', the economic marriage of China and the United States. But does it make sense for poor Chinese savers to lend to rich American spenders?
http://www.RebelMystic.com

43:57

William Ackman: Everything You Need to Know About Finance and Investing in Under an Hour

William Ackman: Everything You Need to Know About Finance and Investing in Under an Hour

William Ackman: Everything You Need to Know About Finance and Investing in Under an Hour

Mark Cuban: Only Morons Start a Business on a Loan

June 14 (Bloomberg) -- Entrepreneur Mark Cuban discusses the U.S. Economy and starting a business with Trish Regan at the Clinton Global Initiative in Chicago on Bloomberg Television's "Street Smart." (Source: Bloomberg)
--Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg
On Bloomberg Television's "Street Smart," hosts Trish Regan and Adam Johnson bring you the most important market news and analysis affecting the S&P 500, Dow Jones Industrial Average, and the Nasdaq for your last trade of today and first trade for tomorrow. Broadcasting daily from Bloomberg TV's headquarters in New York, this business news show centered around the closing bell on New York exchanges, is targeted to provide the best analysis of the day's leading market headlines with a mix of original reporting, earnings news and expert sourcing from Wall Street's sharpest options traders, equity strategists and company analysts.
Trish Regan and Adam Johnson provide actionable insight on the capital markets daily with regular segments such as "Chart Attack," depicting likely market moves before they happen, and "Insight & Action" which explains original trading ideas that can make you money. In addition, "Street Smart" is filled with breaking news, political analysis, and market-moving interviews with exclusive guests such billionaire investor Carl Icahn, hedge fund titan Bill Ackman, automaker Elon Musk and more.
"Street Smart" broadcasts at 3-5pm ET/12-2pm PT. For a complete compilation of Street Smart videos, visit: http://www.bloomberg.com/video/street-smart/
Watch "Street Smart" on TV, on the Bloomberg smartphone app, on the Bloomberg TV + iPad app or on the web: http://bloomberg.com/tv
Bloomberg Television offers extensive coverage and analysis of international business news and stories of global importance. It is available in more than 310 million households worldwide and reaches the most affluent and influential viewers in terms of household income, asset value and education levels. With production hubs in London, New York and Hong Kong, the network provides 24-hour continuous coverage of the people, companies and ideas that move the markets.

51:53

The Secret History of Wall Street: The Rise of Modern Finance - Investment Banking (2001)

The Secret History of Wall Street: The Rise of Modern Finance - Investment Banking (2001)

The Secret History of Wall Street: The Rise of Modern Finance - Investment Banking (2001)

'Makers and Takers': The Rise of Finance and the Fall of American Business

'Makers and Takers': The Rise of Finance and the Fall of American Business

'Makers and Takers': The Rise of Finance and the Fall of American Business

In this MajorityReport segment, Rana Foroohar, editor at "Time" magazine and author of a recently published book on what banking and the financial system are doing to damage our economy.
Watch the Majority Report, live M-F at 12 noon EST and via daily podcast at http://Majority.FM
Download our FREE app: http://majorityapp.com
SUPPORT the show by becoming a member: http://jointhemajorityreport.com
and
BUY all of your Amazon purchase thru our Amazon affiliate link: http://majorityreportkickback.com
LIKE us on Facebook: http://facebook.com/MajorityReport
FOLLOW us on Twitter: http://twitter.com/MajorityFM
SUBSCRIBE to us on YouTube: http://youtube.com/user/SamSeder
WATCH our LIVE show video stream: http://youtube.com/user/MajorityReportLIVE

1:13

American Finance Solutions

American Finance Solutions

American Finance Solutions

29:55

The American Dream - Understanding Money and the Banking System

The American Dream - Understanding Money and the Banking System

The American Dream - Understanding Money and the Banking System

Posted with Permission - Please support the video creators by buying the high quality video from their website or by making a donation
http://theamericandreamfilm.com/
The AMERICAN DREAM is a 30 minute animated film that shows you how you've been scammed by the most basic elements of our government system. All of usAmericans strive for the American Dream, and this film shows you why your dream is getting farther and farther away. Do you know how your money is created? Or how banking works? Why did housing prices skyrocket and then plunge? Do you really know what the Federal Reserve System is and how it affects you every single day? THE AMERICAN DREAM takes an entertaining but hard hitting look at how the problems we have today are nothing new, and why leaders throughout our history have warned us and fought against the current type of financial system we have in America today. You will be challenged to investigate some very entrenched and powerful institutions in this nation, and hopefully encouraged to help get our nation back on track.
Buy the high quality video from the website,
http://theamericandreamfilm.com/
The video creators understand that how the monetary system works can be very confusing to some and have done a brilliant job in explaining how the whole system is set up to keep you forever in debt. This is not what the original founding fathers of America had in mind.
Also, this is not just an American problem. It's the same scam in nearly all countries around the world

59:40

How to Stay Out of Debt: Warren Buffett - Financial Future of American Youth (1999)

How to Stay Out of Debt: Warren Buffett - Financial Future of American Youth (1999)

How to Stay Out of Debt: Warren Buffett - Financial Future of American Youth (1999)

Buffett became a billionaire on paper when Berkshire Hathaway began selling class A shares on May 29, 1990, when the market closed at $7,175 a share. More on Warren Buffett: https://www.amazon.com/gp/search?ie=UTF8&tag=tra0c7-20&linkCode=ur2&linkId=9113f36df9f914d370807ba1208bf50b&camp=1789&creative=9325&index=books&keywords=Warren%20Buffett
In 1998, in an unusual move, he acquired General Re (Gen Re) for stock. In 2002, Buffett became involved with Maurice R. Greenberg at AIG, with General Re providing reinsurance. On March 15, 2005, AIG's board forced Greenberg to resign from his post as Chairman and CEO under the shadow of criticism from Eliot Spitzer, former attorney general of the state of New York. On February 9, 2006, AIG and the New York State Attorney General's office agreed to a settlement in which AIG would pay a fine of $1.6 billion. In 2010, the federal government settled with Berkshire Hathaway for $92 million in return for the firm avoiding prosecution in an AIG fraud scheme, and undergoing 'corporate governance concessions'.
In 2002, Buffett entered in $11 billion worth of forward contracts to deliver U.S. dollars against other currencies. By April 2006, his total gain on these contracts was over $2 billion. In 2006, Buffett announced in June that he gradually would give away 85% of his Berkshire holdings to five foundations in annual gifts of stock, starting in July 2006. The largest contribution would go to the Bill and Melinda Gates Foundation. In 2007, in a letter to shareholders, Buffett announced that he was looking for a younger successor, or perhaps successors, to run his investment business. Buffett had previously selected LouSimpson, who runs investments at Geico, to fill that role. However, Simpson is only six years younger than Buffett.
Buffett ran into criticism during the subprime crisis of 2007--2008, part of the late 2000s recession, that he had allocated capital too early resulting in suboptimal deals. "Buy American. I am." he wrote for an opinion piece published in the New York Times in 2008. Buffett has called the 2007--present downturn in the financial sector "poetic justice". Buffett's Berkshire Hathaway suffered a 77% drop in earnings during Q3 2008 and several of his recent deals appear to be running into large mark-to-market losses.
Berkshire Hathaway acquired 10% perpetual preferred stock of Goldman Sachs. Some of Buffett's Index put options (European exercise at expiry only) that he wrote (sold) are currently running around $6.73 billion mark-to-market losses. The scale of the potential loss prompted the SEC to demand that Berkshire produce, "a more robust disclosure" of factors used to value the contracts. Buffett also helped Dow Chemical pay for its $18.8 billion takeover of Rohm & Haas. He thus became the single largest shareholder in the enlarged group with his Berkshire Hathaway, which provided $3 billion, underlining his instrumental role during the current crisis in debt and equity markets.
In 2008, Buffett became the richest man in the world, with a total net worth estimated at $62 billion by Forbes and at $58 billion by Yahoo, dethroning Bill Gates, who had been number one on the Forbes list for 13 consecutive years. In 2009, Gates regained the position of number one on the Forbes list, with Buffett second. Their values have dropped to $40 billion and $37 billion, respectively, Buffett having lost $25 billion in 12 months during 2008/2009, according to Forbes.
In October 2008, the media reported that Warren Buffett had agreed to buy General Electric (GE) preferred stock. The operation included extra special incentives: he received an option to buy 3 billion GE at $22.25 in the next five years, and also received a 10% dividend (callable within three years). In February 2009, Buffett sold some of the Procter & Gamble Co, and Johnson & Johnson shares from his portfolio.
In addition to suggestions of mistiming, questions have been raised as to the wisdom in keeping some of Berkshire's major holdings, including The Coca-Cola Company (NYSE:KO) which in 1998 peaked at $86. Buffett discussed the difficulties of knowing when to sell in the company's 2004 annual report:
That may seem easy to do when one looks through an always-clean, rear-view mirror. Unfortunately, however, it's the windshield through which investors must peer, and that glass is invariably fogged.
http://en.wikipedia.org/wiki/Warren_Buffett

Genealogy of American Finance Columbia Business School Publishing

1:31

About Colony American Finance (HD)

About Colony American Finance (HD)

About Colony American Finance (HD)

CoreVest Finance is a leading provider of financing solutions to residential real estate investors. We provide attractive long term debt products for stabilized rental portfolios as well as credit lines for new acquisitions.
Check us out at:
https://goo.gl/nHrLD6
View Our Services:
https://goo.gl/CSN4Vj

The American Housing Finance System Introduction

The course is intended for people who would like a deeper understanding of the American housing finance system. The focus will be on providing necessary background knowledge rather than on evaluating specific policy proposals. Near the end of the course, participants will be encouraged to bring up policy issues and to discuss them in light of the information presented. Special emphasis will be placed on two factors. One is mortgage analytics, which means the measurement and modeling of default risk and interest-rate risk from the standpoint of the lender. A second factor is business process and industry structure, which means describing the tasks involved in mortgage lending and characterizing the firms that perform each task.
The American Housing FinanceSystem course: http://mruniversity.com/courses/american-housing-finance-system
Next video: http://mruniversity.com/courses/american-housing-finance-system/guess-and-check-method

59:56

Mihir Desai on "The Wisdom of Finance"

Mihir Desai on "The Wisdom of Finance"

Mihir Desai on "The Wisdom of Finance"

Evening Lecture/Symposia SeriesMihir Desai on "The Wisdom of Finance"
Tuesday, September 12, 2017 | 05:30 PM to 07:00 PM
The PPT deck for this presentation can be downloaded here:
https://www.moaf.org/events/general/2017-09-12-mihir-desai-on-the-wisdom-of-finance
In 1688, essayist Josef de la Vega described finance as both “the fairest and most deceitful business...the noblest and the most infamous in the world, the finest and most vulgar on earth.” The characterization of finance as deceitful, infamous and vulgar still rings true today – particularly in the wake of the 2008 financial crisis. But, what happened to the fairest noblest, and finest profession that de la Vega saw? De la Vega hit on an essential truth that has been forgotten: finance can be just as principled, life-affirming and worthy as it can be fraught with questionable practices. Today, finance is shrouded in mystery for outsiders, while many insiders are uneasy with the disrepute of their profession. How can finance become more accessible and also recover its nobility?
Harvard Business School professor Mihir Desai, in his “last lecture” to the graduating HarvardMBA class of 2015, took up the cause of restoring humanity to finance. With incisive wit and irony, his lecture drew upon a rich knowledge of literature, film, history and philosophy to explain the inner workings of finance in a manner that has never been seen before.
In his new book based on this lecture, The Wisdom of Finance, Professor Desai provides a lucid exploration of the ideas of finance as seen through the unusual prism of the humanities. Gillian Tett of the Financial Times described it as, "a charming, provocative and readable book." Through this novel, creative approach, he shows that outsiders can access the underlying ideas easily and insiders can reacquaint themselves with the core humanity of their profession.
About the Speaker
Mihir A. Desai is the Mizuho Financial Group Professor of Finance at Harvard Business School and Professor of Law at Harvard Law School. He has taught extensively as an award-winning teacher at HBS and at Harvard University. Professor Desai's areas of expertise include tax policy, international finance and corporate finance. His work has emphasized the appropriate design of tax policy in a globalized setting, the links between corporate governance and taxation, and the internal capital markets of multinational firms.
MUSEUM OF AMERICAN FINANCE
48 Wall Street | New York, NY 10005
Tel: 212.908.4110 | Fax: 212.742.0573
To share or join this event simply go to: http://www.youtube.com/user/FinanceMuseum/live

Bloomberg Global News

BloombergGlobal News brings you live coverage of the markets open and close, plus everything you need to know across business, finance, technology, politics and more daily.
To watch complete markets coverage on Bloomberg Television 24/7, visit http://www.bloomberg.com/live, the Bloomberg mobile app for iOS and Android, and on Apple TV, Roku, Samsung TV, Amazon Fire and Google TV.
Connect with us on...
Twitter: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness/
Instagram: https://www.instagram.com/bloombergbusiness/

published: 31 Aug 2016

Museum of American Finance

The Rise of Finance and the Fall of American Business - RAI with Rana Foroohar (1/6)

On Reality Asserts Itself, Ms. Foroohar says financialization delivers stagnant wages, inequality and economic crisis; the Financial Times columnist and author of “Makers and Takers” says the financial sector represents only 7 percent of the U.S. economy, but takes around 25 percent of all corporate profit while creating only 4 percent of all jobs - with host Paul JayVisithttp://therealnews.com for more stories and help support our work by donating at http://therealnews.com/donate.

published: 09 May 2018

Rana Foroohar: The Rise of Finance and the Fall of American Business

Eight years on from the biggest market meltdown since the Great Depression, the key lessons of the crisis of 2008 still remain unlearned—and our financial system is just as vulnerable as ever. Many of us know that our government failed to fix the banking system after the subprime mortgage crisis. But what few of us realize is how the misguided financial practices and philosophies that nearly toppled the global financial system have come to infiltrate ALL American businesses, putting us on a collision course for another cataclysmic meltdown. Join us for lunch and conversation with Rana Foroohar, "Time" assistant managing editor and economic columnist, and Tim O'Reilly of O'Reilly Media Inc.
Speaker Rana Foroohar is AssistantManaging Editor of TIME.
Tim O'Reilly, Founder and CEO, O'Reilly...

published: 29 Jun 2016

American Finance: Banking, Financial Markets, Money and Stocks (2014)

Legislation passed by the federal government during the 1980s, such as the Depository Institutions Deregulation and Monetary Control Act of 1980 and the Garn–St. Germain Depository Institutions Act of 1982, reduced the distinctions between banks and other financial institutions in the United States. This legislation is frequently referred to as "deregulation," and it is often blamed for the failure of over 500 savings and loan associations between 1980 and 1988, and the subsequent failure of the FederalSavings and LoanInsuranceCorporation (FSLIC) whose obligations were assumed by the FDIC in 1989. However, some critics of this viewpoint, particularly libertarians, have pointed-out that the federal government's attempts at deregulation granted easy credit to federally insured financial i...

published: 26 Feb 2015

The Ascent of Money: A Financial History of The World by Niall Ferguson Epsd 1 5 Full Documentary

ProfessorNiall Ferguson examines the origins of the pillars of the world's financial system, and how behind every great historical phenomenon -- empires and republics, wars and revolutions -- there lies a financial secret.
Episode 1: Dreams of Avarice. From Shylock's pound of flesh to the loan sharks of Glasgow, from the 'promises to pay' on Babylonian clay tablets to the Medici banking system, Professor Ferguson explains the origins of credit and debt and why credit networks are indispensable to any civilization.
Episode 2: HumanBondage. How did finance become the realm of the masters of the universe? Through the rise of the bond market in Renaissance Italy. With the advent of bonds, war finance was transformed and spread to north-west Europe and across the Atlantic. It was the bond mar...

published: 24 Nov 2013

William Ackman: Everything You Need to Know About Finance and Investing in Under an Hour

'Makers and Takers': The Rise of Finance and the Fall of American Business

In this MajorityReport segment, Rana Foroohar, editor at "Time" magazine and author of a recently published book on what banking and the financial system are doing to damage our economy.
Watch the Majority Report, live M-F at 12 noon EST and via daily podcast at http://Majority.FM
Download our FREE app: http://majorityapp.com
SUPPORT the show by becoming a member: http://jointhemajorityreport.com
and
BUY all of your Amazon purchase thru our Amazon affiliate link: http://majorityreportkickback.com
LIKE us on Facebook: http://facebook.com/MajorityReport
FOLLOW us on Twitter: http://twitter.com/MajorityFM
SUBSCRIBE to us on YouTube: http://youtube.com/user/SamSeder
WATCH our LIVE show video stream: http://youtube.com/user/MajorityReportLIVE

published: 13 Jun 2016

American Finance Solutions

published: 10 Apr 2012

The American Dream - Understanding Money and the Banking System

Posted with Permission - Please support the video creators by buying the high quality video from their website or by making a donation
http://theamericandreamfilm.com/
The AMERICAN DREAM is a 30 minute animated film that shows you how you've been scammed by the most basic elements of our government system. All of usAmericans strive for the American Dream, and this film shows you why your dream is getting farther and farther away. Do you know how your money is created? Or how banking works? Why did housing prices skyrocket and then plunge? Do you really know what the Federal Reserve System is and how it affects you every single day? THE AMERICAN DREAM takes an entertaining but hard hitting look at how the problems we have today are nothing new, and why leaders throughout our history ha...

published: 12 Jan 2011

How to Stay Out of Debt: Warren Buffett - Financial Future of American Youth (1999)

Genealogy of American Finance Columbia Business School Publishing

published: 28 Apr 2016

About Colony American Finance (HD)

CoreVest Finance is a leading provider of financing solutions to residential real estate investors. We provide attractive long term debt products for stabilized rental portfolios as well as credit lines for new acquisitions.
Check us out at:
https://goo.gl/nHrLD6
View Our Services:
https://goo.gl/CSN4Vj

The American Housing Finance System Introduction

The course is intended for people who would like a deeper understanding of the American housing finance system. The focus will be on providing necessary background knowledge rather than on evaluating specific policy proposals. Near the end of the course, participants will be encouraged to bring up policy issues and to discuss them in light of the information presented. Special emphasis will be placed on two factors. One is mortgage analytics, which means the measurement and modeling of default risk and interest-rate risk from the standpoint of the lender. A second factor is business process and industry structure, which means describing the tasks involved in mortgage lending and characterizing the firms that perform each task.
The American Housing FinanceSystem course: http://mruniver...

published: 05 May 2015

Mihir Desai on "The Wisdom of Finance"

Evening Lecture/Symposia SeriesMihir Desai on "The Wisdom of Finance"
Tuesday, September 12, 2017 | 05:30 PM to 07:00 PM
The PPT deck for this presentation can be downloaded here:
https://www.moaf.org/events/general/2017-09-12-mihir-desai-on-the-wisdom-of-finance
In 1688, essayist Josef de la Vega described finance as both “the fairest and most deceitful business...the noblest and the most infamous in the world, the finest and most vulgar on earth.” The characterization of finance as deceitful, infamous and vulgar still rings true today – particularly in the wake of the 2008 financial crisis. But, what happened to the fairest noblest, and finest profession that de la Vega saw? De la Vega hit on an essential truth that has been forgotten: finance can be just as principled, life-affirming...

Bloomberg Global News

BloombergGlobal News brings you live coverage of the markets open and close, plus everything you need to know across business, finance, technology, politics an...

BloombergGlobal News brings you live coverage of the markets open and close, plus everything you need to know across business, finance, technology, politics and more daily.
To watch complete markets coverage on Bloomberg Television 24/7, visit http://www.bloomberg.com/live, the Bloomberg mobile app for iOS and Android, and on Apple TV, Roku, Samsung TV, Amazon Fire and Google TV.
Connect with us on...
Twitter: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness/
Instagram: https://www.instagram.com/bloombergbusiness/

BloombergGlobal News brings you live coverage of the markets open and close, plus everything you need to know across business, finance, technology, politics and more daily.
To watch complete markets coverage on Bloomberg Television 24/7, visit http://www.bloomberg.com/live, the Bloomberg mobile app for iOS and Android, and on Apple TV, Roku, Samsung TV, Amazon Fire and Google TV.
Connect with us on...
Twitter: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness/
Instagram: https://www.instagram.com/bloombergbusiness/

On Reality Asserts Itself, Ms. Foroohar says financialization delivers stagnant wages, inequality and economic crisis; the Financial Times columnist and author of “Makers and Takers” says the financial sector represents only 7 percent of the U.S. economy, but takes around 25 percent of all corporate profit while creating only 4 percent of all jobs - with host Paul JayVisithttp://therealnews.com for more stories and help support our work by donating at http://therealnews.com/donate.

On Reality Asserts Itself, Ms. Foroohar says financialization delivers stagnant wages, inequality and economic crisis; the Financial Times columnist and author of “Makers and Takers” says the financial sector represents only 7 percent of the U.S. economy, but takes around 25 percent of all corporate profit while creating only 4 percent of all jobs - with host Paul JayVisithttp://therealnews.com for more stories and help support our work by donating at http://therealnews.com/donate.

Rana Foroohar: The Rise of Finance and the Fall of American Business

Eight years on from the biggest market meltdown since the Great Depression, the key lessons of the crisis of 2008 still remain unlearned—and our financial syste...

Eight years on from the biggest market meltdown since the Great Depression, the key lessons of the crisis of 2008 still remain unlearned—and our financial system is just as vulnerable as ever. Many of us know that our government failed to fix the banking system after the subprime mortgage crisis. But what few of us realize is how the misguided financial practices and philosophies that nearly toppled the global financial system have come to infiltrate ALL American businesses, putting us on a collision course for another cataclysmic meltdown. Join us for lunch and conversation with Rana Foroohar, "Time" assistant managing editor and economic columnist, and Tim O'Reilly of O'Reilly Media Inc.
Speaker Rana Foroohar is AssistantManaging Editor of TIME.
Tim O'Reilly, Founder and CEO, O'Reilly Media, moderates the discussion.
For more information about this event please visit: http://www.worldaffairs.org/event-calendar/event/1611

Eight years on from the biggest market meltdown since the Great Depression, the key lessons of the crisis of 2008 still remain unlearned—and our financial system is just as vulnerable as ever. Many of us know that our government failed to fix the banking system after the subprime mortgage crisis. But what few of us realize is how the misguided financial practices and philosophies that nearly toppled the global financial system have come to infiltrate ALL American businesses, putting us on a collision course for another cataclysmic meltdown. Join us for lunch and conversation with Rana Foroohar, "Time" assistant managing editor and economic columnist, and Tim O'Reilly of O'Reilly Media Inc.
Speaker Rana Foroohar is AssistantManaging Editor of TIME.
Tim O'Reilly, Founder and CEO, O'Reilly Media, moderates the discussion.
For more information about this event please visit: http://www.worldaffairs.org/event-calendar/event/1611

Legislation passed by the federal government during the 1980s, such as the Depository Institutions Deregulation and Monetary Control Act of 1980 and the Garn–St. Germain Depository Institutions Act of 1982, reduced the distinctions between banks and other financial institutions in the United States. This legislation is frequently referred to as "deregulation," and it is often blamed for the failure of over 500 savings and loan associations between 1980 and 1988, and the subsequent failure of the FederalSavings and LoanInsuranceCorporation (FSLIC) whose obligations were assumed by the FDIC in 1989. However, some critics of this viewpoint, particularly libertarians, have pointed-out that the federal government's attempts at deregulation granted easy credit to federally insured financial institutions, encouraging them to overextend themselves and (thus) fail.
The savings and loan crisis of the 1980s and 1990s was the failure of 747 of the 3,234 savings and loan associations in the United States. "As ofDecember 31, 1995, RTC estimated that the total cost for resolving the 747 failed institutions was $87.9 billion." The remainder of the bailout was paid for by charges on savings and loan accounts—which contributed to the large budget deficits of the early 1990s.[55]
The concomitant slowdown in the finance industry and the real estate market may have been a contributing cause of the 1990–1991 economic recession. Between 1986 and 1991, the number of new homes constructed per year dropped from 1.8 million to 1 million, which was at the time the lowest rate since World War II.
Until 1989, national banks (those with national charters) were required to participate in the FDIC, while state banks either were required to obtain FDIC insurance by state law or could join voluntarily (usually in an attempt to bolster their appearance of solvency). After enactment of the Federal Deposit Insurance Corporation Improvement Act of 1989 (FDICIA), all commercial banks that accepted deposits were required to obtain FDIC insurance and to have a primary federal regulator (the Fed for state banks that are members of the Federal Reserve System, the FDIC for "nonmember" state banks, and the Office of the Comptroller of the Currency for all NationalBanks).
Note: Federal credit unions are regulated by National Credit Union Administration (NCUA). Savings & Loan Associations (S&L) and Federal savings banks (FSB) are regulated by the Office of Thrift Supervision (OTS).
The Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 amended the laws governing federally chartered banks in order to restore the laws' competitiveness with the recently relaxed laws governing state-chartered banks.
The late-2000s financial crisis is considered by many economists to be the worst financial crisis since the Great Depression.[66] It was triggered by a liquidity shortfall in the United States banking system[67] and has resulted in the collapse of large financial institutions, the bailout of banks by national governments, and downturns in stock markets around the world. In many areas, the housing market has also suffered, resulting in numerous evictions, foreclosures and prolonged vacancies. It contributed to the failure of key businesses, declines in consumer wealth estimated in the trillions of U.S. dollars, and a significant decline in economic activity, leading to a severe global economic recession in 2008.[68]
The collapse of the U.S. housing bubble, which peaked in 2006, caused the values of securities tied to U.S. real estate pricing to plummet, damaging financial institutions globally.[69] Questions regarding bank solvency, declines in credit availability and damaged investor confidence had an impact on global stock markets, where securities suffered large losses during 2008 and early 2009. Economies worldwide slowed during this period, as credit tightened and international trade declined. Critics argued that credit rating agencies and investors failed to accurately price the risk involved with mortgage-related financial products, and that governments did not adjust their regulatory practices to address 21st-century financial markets. Governments and central banks responded with unprecedented fiscal stimulus, monetary policy expansion and institutional bailouts.
http://en.wikipedia.org/wiki/Banking_in_the_United_States

Legislation passed by the federal government during the 1980s, such as the Depository Institutions Deregulation and Monetary Control Act of 1980 and the Garn–St. Germain Depository Institutions Act of 1982, reduced the distinctions between banks and other financial institutions in the United States. This legislation is frequently referred to as "deregulation," and it is often blamed for the failure of over 500 savings and loan associations between 1980 and 1988, and the subsequent failure of the FederalSavings and LoanInsuranceCorporation (FSLIC) whose obligations were assumed by the FDIC in 1989. However, some critics of this viewpoint, particularly libertarians, have pointed-out that the federal government's attempts at deregulation granted easy credit to federally insured financial institutions, encouraging them to overextend themselves and (thus) fail.
The savings and loan crisis of the 1980s and 1990s was the failure of 747 of the 3,234 savings and loan associations in the United States. "As ofDecember 31, 1995, RTC estimated that the total cost for resolving the 747 failed institutions was $87.9 billion." The remainder of the bailout was paid for by charges on savings and loan accounts—which contributed to the large budget deficits of the early 1990s.[55]
The concomitant slowdown in the finance industry and the real estate market may have been a contributing cause of the 1990–1991 economic recession. Between 1986 and 1991, the number of new homes constructed per year dropped from 1.8 million to 1 million, which was at the time the lowest rate since World War II.
Until 1989, national banks (those with national charters) were required to participate in the FDIC, while state banks either were required to obtain FDIC insurance by state law or could join voluntarily (usually in an attempt to bolster their appearance of solvency). After enactment of the Federal Deposit Insurance Corporation Improvement Act of 1989 (FDICIA), all commercial banks that accepted deposits were required to obtain FDIC insurance and to have a primary federal regulator (the Fed for state banks that are members of the Federal Reserve System, the FDIC for "nonmember" state banks, and the Office of the Comptroller of the Currency for all NationalBanks).
Note: Federal credit unions are regulated by National Credit Union Administration (NCUA). Savings & Loan Associations (S&L) and Federal savings banks (FSB) are regulated by the Office of Thrift Supervision (OTS).
The Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 amended the laws governing federally chartered banks in order to restore the laws' competitiveness with the recently relaxed laws governing state-chartered banks.
The late-2000s financial crisis is considered by many economists to be the worst financial crisis since the Great Depression.[66] It was triggered by a liquidity shortfall in the United States banking system[67] and has resulted in the collapse of large financial institutions, the bailout of banks by national governments, and downturns in stock markets around the world. In many areas, the housing market has also suffered, resulting in numerous evictions, foreclosures and prolonged vacancies. It contributed to the failure of key businesses, declines in consumer wealth estimated in the trillions of U.S. dollars, and a significant decline in economic activity, leading to a severe global economic recession in 2008.[68]
The collapse of the U.S. housing bubble, which peaked in 2006, caused the values of securities tied to U.S. real estate pricing to plummet, damaging financial institutions globally.[69] Questions regarding bank solvency, declines in credit availability and damaged investor confidence had an impact on global stock markets, where securities suffered large losses during 2008 and early 2009. Economies worldwide slowed during this period, as credit tightened and international trade declined. Critics argued that credit rating agencies and investors failed to accurately price the risk involved with mortgage-related financial products, and that governments did not adjust their regulatory practices to address 21st-century financial markets. Governments and central banks responded with unprecedented fiscal stimulus, monetary policy expansion and institutional bailouts.
http://en.wikipedia.org/wiki/Banking_in_the_United_States

The Ascent of Money: A Financial History of The World by Niall Ferguson Epsd 1 5 Full Documentary

ProfessorNiall Ferguson examines the origins of the pillars of the world's financial system, and how behind every great historical phenomenon -- empires and re...

ProfessorNiall Ferguson examines the origins of the pillars of the world's financial system, and how behind every great historical phenomenon -- empires and republics, wars and revolutions -- there lies a financial secret.
Episode 1: Dreams of Avarice. From Shylock's pound of flesh to the loan sharks of Glasgow, from the 'promises to pay' on Babylonian clay tablets to the Medici banking system, Professor Ferguson explains the origins of credit and debt and why credit networks are indispensable to any civilization.
Episode 2: HumanBondage. How did finance become the realm of the masters of the universe? Through the rise of the bond market in Renaissance Italy. With the advent of bonds, war finance was transformed and spread to north-west Europe and across the Atlantic. It was the bond market that made the Rothschilds the richest and most powerful family of the 19th century. And today governments are asking it to bail them out.
Episode 3: BlowingBubbles. Why do stock markets produce bubbles and busts? Professor Ferguson goes back to the origins of the joint stock company in Amsterdam and Paris. He draws telling parallels between the current stock market crash and the 18th-centuryMississippi Bubble of Scottish financier John Law and the 2001Enron bankruptcy. He shows why humans have a herd instinct when it comes to investment, and why no one can accurately predict when the bulls might stampede.
Episode 4: Risky Business. Life is a risky business -- which is why people take out insurance. But faced with an unexpected disaster, the state has to step in. Professor Ferguson travels to post-Katrina New Orleans to ask why the free market can't provide adequate protection against catastrophe. His quest for an answer takes him to the origins of modern insurance in the early 19th century and to the birth of the welfare state in post-war Japan.
Episode 5: Safe As Houses. It sounded so simple: give state-owned assets to the people. After all, what better foundation for a property-owning democracy than a campaign of privatisation encompassing housing? An economic theory says that markets can't function without mortgages, because it's only by borrowing against their assets that entrepreneurs can get their businesses off the ground. But what if mortgages are bundled together and sold off to the highest bidder?
Episode 6: Chimerica. Since the 1990s, once risky markets in Asia, Latin America and eastern Europe have become better investments than the UK or US stock market. The explanation is the rise of 'Chimerica', the economic marriage of China and the United States. But does it make sense for poor Chinese savers to lend to rich American spenders?
http://www.RebelMystic.com

ProfessorNiall Ferguson examines the origins of the pillars of the world's financial system, and how behind every great historical phenomenon -- empires and republics, wars and revolutions -- there lies a financial secret.
Episode 1: Dreams of Avarice. From Shylock's pound of flesh to the loan sharks of Glasgow, from the 'promises to pay' on Babylonian clay tablets to the Medici banking system, Professor Ferguson explains the origins of credit and debt and why credit networks are indispensable to any civilization.
Episode 2: HumanBondage. How did finance become the realm of the masters of the universe? Through the rise of the bond market in Renaissance Italy. With the advent of bonds, war finance was transformed and spread to north-west Europe and across the Atlantic. It was the bond market that made the Rothschilds the richest and most powerful family of the 19th century. And today governments are asking it to bail them out.
Episode 3: BlowingBubbles. Why do stock markets produce bubbles and busts? Professor Ferguson goes back to the origins of the joint stock company in Amsterdam and Paris. He draws telling parallels between the current stock market crash and the 18th-centuryMississippi Bubble of Scottish financier John Law and the 2001Enron bankruptcy. He shows why humans have a herd instinct when it comes to investment, and why no one can accurately predict when the bulls might stampede.
Episode 4: Risky Business. Life is a risky business -- which is why people take out insurance. But faced with an unexpected disaster, the state has to step in. Professor Ferguson travels to post-Katrina New Orleans to ask why the free market can't provide adequate protection against catastrophe. His quest for an answer takes him to the origins of modern insurance in the early 19th century and to the birth of the welfare state in post-war Japan.
Episode 5: Safe As Houses. It sounded so simple: give state-owned assets to the people. After all, what better foundation for a property-owning democracy than a campaign of privatisation encompassing housing? An economic theory says that markets can't function without mortgages, because it's only by borrowing against their assets that entrepreneurs can get their businesses off the ground. But what if mortgages are bundled together and sold off to the highest bidder?
Episode 6: Chimerica. Since the 1990s, once risky markets in Asia, Latin America and eastern Europe have become better investments than the UK or US stock market. The explanation is the rise of 'Chimerica', the economic marriage of China and the United States. But does it make sense for poor Chinese savers to lend to rich American spenders?
http://www.RebelMystic.com

June 14 (Bloomberg) -- Entrepreneur Mark Cuban discusses the U.S. Economy and starting a business with Trish Regan at the Clinton Global Initiative in Chicago on Bloomberg Television's "Street Smart." (Source: Bloomberg)
--Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg
On Bloomberg Television's "Street Smart," hosts Trish Regan and Adam Johnson bring you the most important market news and analysis affecting the S&P 500, Dow Jones Industrial Average, and the Nasdaq for your last trade of today and first trade for tomorrow. Broadcasting daily from Bloomberg TV's headquarters in New York, this business news show centered around the closing bell on New York exchanges, is targeted to provide the best analysis of the day's leading market headlines with a mix of original reporting, earnings news and expert sourcing from Wall Street's sharpest options traders, equity strategists and company analysts.
Trish Regan and Adam Johnson provide actionable insight on the capital markets daily with regular segments such as "Chart Attack," depicting likely market moves before they happen, and "Insight & Action" which explains original trading ideas that can make you money. In addition, "Street Smart" is filled with breaking news, political analysis, and market-moving interviews with exclusive guests such billionaire investor Carl Icahn, hedge fund titan Bill Ackman, automaker Elon Musk and more.
"Street Smart" broadcasts at 3-5pm ET/12-2pm PT. For a complete compilation of Street Smart videos, visit: http://www.bloomberg.com/video/street-smart/
Watch "Street Smart" on TV, on the Bloomberg smartphone app, on the Bloomberg TV + iPad app or on the web: http://bloomberg.com/tv
Bloomberg Television offers extensive coverage and analysis of international business news and stories of global importance. It is available in more than 310 million households worldwide and reaches the most affluent and influential viewers in terms of household income, asset value and education levels. With production hubs in London, New York and Hong Kong, the network provides 24-hour continuous coverage of the people, companies and ideas that move the markets.

June 14 (Bloomberg) -- Entrepreneur Mark Cuban discusses the U.S. Economy and starting a business with Trish Regan at the Clinton Global Initiative in Chicago on Bloomberg Television's "Street Smart." (Source: Bloomberg)
--Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg
On Bloomberg Television's "Street Smart," hosts Trish Regan and Adam Johnson bring you the most important market news and analysis affecting the S&P 500, Dow Jones Industrial Average, and the Nasdaq for your last trade of today and first trade for tomorrow. Broadcasting daily from Bloomberg TV's headquarters in New York, this business news show centered around the closing bell on New York exchanges, is targeted to provide the best analysis of the day's leading market headlines with a mix of original reporting, earnings news and expert sourcing from Wall Street's sharpest options traders, equity strategists and company analysts.
Trish Regan and Adam Johnson provide actionable insight on the capital markets daily with regular segments such as "Chart Attack," depicting likely market moves before they happen, and "Insight & Action" which explains original trading ideas that can make you money. In addition, "Street Smart" is filled with breaking news, political analysis, and market-moving interviews with exclusive guests such billionaire investor Carl Icahn, hedge fund titan Bill Ackman, automaker Elon Musk and more.
"Street Smart" broadcasts at 3-5pm ET/12-2pm PT. For a complete compilation of Street Smart videos, visit: http://www.bloomberg.com/video/street-smart/
Watch "Street Smart" on TV, on the Bloomberg smartphone app, on the Bloomberg TV + iPad app or on the web: http://bloomberg.com/tv
Bloomberg Television offers extensive coverage and analysis of international business news and stories of global importance. It is available in more than 310 million households worldwide and reaches the most affluent and influential viewers in terms of household income, asset value and education levels. With production hubs in London, New York and Hong Kong, the network provides 24-hour continuous coverage of the people, companies and ideas that move the markets.

In this MajorityReport segment, Rana Foroohar, editor at "Time" magazine and author of a recently published book on what banking and the financial system are doing to damage our economy.
Watch the Majority Report, live M-F at 12 noon EST and via daily podcast at http://Majority.FM
Download our FREE app: http://majorityapp.com
SUPPORT the show by becoming a member: http://jointhemajorityreport.com
and
BUY all of your Amazon purchase thru our Amazon affiliate link: http://majorityreportkickback.com
LIKE us on Facebook: http://facebook.com/MajorityReport
FOLLOW us on Twitter: http://twitter.com/MajorityFM
SUBSCRIBE to us on YouTube: http://youtube.com/user/SamSeder
WATCH our LIVE show video stream: http://youtube.com/user/MajorityReportLIVE

In this MajorityReport segment, Rana Foroohar, editor at "Time" magazine and author of a recently published book on what banking and the financial system are doing to damage our economy.
Watch the Majority Report, live M-F at 12 noon EST and via daily podcast at http://Majority.FM
Download our FREE app: http://majorityapp.com
SUPPORT the show by becoming a member: http://jointhemajorityreport.com
and
BUY all of your Amazon purchase thru our Amazon affiliate link: http://majorityreportkickback.com
LIKE us on Facebook: http://facebook.com/MajorityReport
FOLLOW us on Twitter: http://twitter.com/MajorityFM
SUBSCRIBE to us on YouTube: http://youtube.com/user/SamSeder
WATCH our LIVE show video stream: http://youtube.com/user/MajorityReportLIVE

The American Dream - Understanding Money and the Banking System

Posted with Permission - Please support the video creators by buying the high quality video from their website or by making a donation
http://theamericandreamf...

Posted with Permission - Please support the video creators by buying the high quality video from their website or by making a donation
http://theamericandreamfilm.com/
The AMERICAN DREAM is a 30 minute animated film that shows you how you've been scammed by the most basic elements of our government system. All of usAmericans strive for the American Dream, and this film shows you why your dream is getting farther and farther away. Do you know how your money is created? Or how banking works? Why did housing prices skyrocket and then plunge? Do you really know what the Federal Reserve System is and how it affects you every single day? THE AMERICAN DREAM takes an entertaining but hard hitting look at how the problems we have today are nothing new, and why leaders throughout our history have warned us and fought against the current type of financial system we have in America today. You will be challenged to investigate some very entrenched and powerful institutions in this nation, and hopefully encouraged to help get our nation back on track.
Buy the high quality video from the website,
http://theamericandreamfilm.com/
The video creators understand that how the monetary system works can be very confusing to some and have done a brilliant job in explaining how the whole system is set up to keep you forever in debt. This is not what the original founding fathers of America had in mind.
Also, this is not just an American problem. It's the same scam in nearly all countries around the world

Posted with Permission - Please support the video creators by buying the high quality video from their website or by making a donation
http://theamericandreamfilm.com/
The AMERICAN DREAM is a 30 minute animated film that shows you how you've been scammed by the most basic elements of our government system. All of usAmericans strive for the American Dream, and this film shows you why your dream is getting farther and farther away. Do you know how your money is created? Or how banking works? Why did housing prices skyrocket and then plunge? Do you really know what the Federal Reserve System is and how it affects you every single day? THE AMERICAN DREAM takes an entertaining but hard hitting look at how the problems we have today are nothing new, and why leaders throughout our history have warned us and fought against the current type of financial system we have in America today. You will be challenged to investigate some very entrenched and powerful institutions in this nation, and hopefully encouraged to help get our nation back on track.
Buy the high quality video from the website,
http://theamericandreamfilm.com/
The video creators understand that how the monetary system works can be very confusing to some and have done a brilliant job in explaining how the whole system is set up to keep you forever in debt. This is not what the original founding fathers of America had in mind.
Also, this is not just an American problem. It's the same scam in nearly all countries around the world

How to Stay Out of Debt: Warren Buffett - Financial Future of American Youth (1999)

Buffett became a billionaire on paper when Berkshire Hathaway began selling class A shares on May 29, 1990, when the market closed at $7,175 a share. More on Wa...

Buffett became a billionaire on paper when Berkshire Hathaway began selling class A shares on May 29, 1990, when the market closed at $7,175 a share. More on Warren Buffett: https://www.amazon.com/gp/search?ie=UTF8&tag=tra0c7-20&linkCode=ur2&linkId=9113f36df9f914d370807ba1208bf50b&camp=1789&creative=9325&index=books&keywords=Warren%20Buffett
In 1998, in an unusual move, he acquired General Re (Gen Re) for stock. In 2002, Buffett became involved with Maurice R. Greenberg at AIG, with General Re providing reinsurance. On March 15, 2005, AIG's board forced Greenberg to resign from his post as Chairman and CEO under the shadow of criticism from Eliot Spitzer, former attorney general of the state of New York. On February 9, 2006, AIG and the New York State Attorney General's office agreed to a settlement in which AIG would pay a fine of $1.6 billion. In 2010, the federal government settled with Berkshire Hathaway for $92 million in return for the firm avoiding prosecution in an AIG fraud scheme, and undergoing 'corporate governance concessions'.
In 2002, Buffett entered in $11 billion worth of forward contracts to deliver U.S. dollars against other currencies. By April 2006, his total gain on these contracts was over $2 billion. In 2006, Buffett announced in June that he gradually would give away 85% of his Berkshire holdings to five foundations in annual gifts of stock, starting in July 2006. The largest contribution would go to the Bill and Melinda Gates Foundation. In 2007, in a letter to shareholders, Buffett announced that he was looking for a younger successor, or perhaps successors, to run his investment business. Buffett had previously selected LouSimpson, who runs investments at Geico, to fill that role. However, Simpson is only six years younger than Buffett.
Buffett ran into criticism during the subprime crisis of 2007--2008, part of the late 2000s recession, that he had allocated capital too early resulting in suboptimal deals. "Buy American. I am." he wrote for an opinion piece published in the New York Times in 2008. Buffett has called the 2007--present downturn in the financial sector "poetic justice". Buffett's Berkshire Hathaway suffered a 77% drop in earnings during Q3 2008 and several of his recent deals appear to be running into large mark-to-market losses.
Berkshire Hathaway acquired 10% perpetual preferred stock of Goldman Sachs. Some of Buffett's Index put options (European exercise at expiry only) that he wrote (sold) are currently running around $6.73 billion mark-to-market losses. The scale of the potential loss prompted the SEC to demand that Berkshire produce, "a more robust disclosure" of factors used to value the contracts. Buffett also helped Dow Chemical pay for its $18.8 billion takeover of Rohm & Haas. He thus became the single largest shareholder in the enlarged group with his Berkshire Hathaway, which provided $3 billion, underlining his instrumental role during the current crisis in debt and equity markets.
In 2008, Buffett became the richest man in the world, with a total net worth estimated at $62 billion by Forbes and at $58 billion by Yahoo, dethroning Bill Gates, who had been number one on the Forbes list for 13 consecutive years. In 2009, Gates regained the position of number one on the Forbes list, with Buffett second. Their values have dropped to $40 billion and $37 billion, respectively, Buffett having lost $25 billion in 12 months during 2008/2009, according to Forbes.
In October 2008, the media reported that Warren Buffett had agreed to buy General Electric (GE) preferred stock. The operation included extra special incentives: he received an option to buy 3 billion GE at $22.25 in the next five years, and also received a 10% dividend (callable within three years). In February 2009, Buffett sold some of the Procter & Gamble Co, and Johnson & Johnson shares from his portfolio.
In addition to suggestions of mistiming, questions have been raised as to the wisdom in keeping some of Berkshire's major holdings, including The Coca-Cola Company (NYSE:KO) which in 1998 peaked at $86. Buffett discussed the difficulties of knowing when to sell in the company's 2004 annual report:
That may seem easy to do when one looks through an always-clean, rear-view mirror. Unfortunately, however, it's the windshield through which investors must peer, and that glass is invariably fogged.
http://en.wikipedia.org/wiki/Warren_Buffett

Buffett became a billionaire on paper when Berkshire Hathaway began selling class A shares on May 29, 1990, when the market closed at $7,175 a share. More on Warren Buffett: https://www.amazon.com/gp/search?ie=UTF8&tag=tra0c7-20&linkCode=ur2&linkId=9113f36df9f914d370807ba1208bf50b&camp=1789&creative=9325&index=books&keywords=Warren%20Buffett
In 1998, in an unusual move, he acquired General Re (Gen Re) for stock. In 2002, Buffett became involved with Maurice R. Greenberg at AIG, with General Re providing reinsurance. On March 15, 2005, AIG's board forced Greenberg to resign from his post as Chairman and CEO under the shadow of criticism from Eliot Spitzer, former attorney general of the state of New York. On February 9, 2006, AIG and the New York State Attorney General's office agreed to a settlement in which AIG would pay a fine of $1.6 billion. In 2010, the federal government settled with Berkshire Hathaway for $92 million in return for the firm avoiding prosecution in an AIG fraud scheme, and undergoing 'corporate governance concessions'.
In 2002, Buffett entered in $11 billion worth of forward contracts to deliver U.S. dollars against other currencies. By April 2006, his total gain on these contracts was over $2 billion. In 2006, Buffett announced in June that he gradually would give away 85% of his Berkshire holdings to five foundations in annual gifts of stock, starting in July 2006. The largest contribution would go to the Bill and Melinda Gates Foundation. In 2007, in a letter to shareholders, Buffett announced that he was looking for a younger successor, or perhaps successors, to run his investment business. Buffett had previously selected LouSimpson, who runs investments at Geico, to fill that role. However, Simpson is only six years younger than Buffett.
Buffett ran into criticism during the subprime crisis of 2007--2008, part of the late 2000s recession, that he had allocated capital too early resulting in suboptimal deals. "Buy American. I am." he wrote for an opinion piece published in the New York Times in 2008. Buffett has called the 2007--present downturn in the financial sector "poetic justice". Buffett's Berkshire Hathaway suffered a 77% drop in earnings during Q3 2008 and several of his recent deals appear to be running into large mark-to-market losses.
Berkshire Hathaway acquired 10% perpetual preferred stock of Goldman Sachs. Some of Buffett's Index put options (European exercise at expiry only) that he wrote (sold) are currently running around $6.73 billion mark-to-market losses. The scale of the potential loss prompted the SEC to demand that Berkshire produce, "a more robust disclosure" of factors used to value the contracts. Buffett also helped Dow Chemical pay for its $18.8 billion takeover of Rohm & Haas. He thus became the single largest shareholder in the enlarged group with his Berkshire Hathaway, which provided $3 billion, underlining his instrumental role during the current crisis in debt and equity markets.
In 2008, Buffett became the richest man in the world, with a total net worth estimated at $62 billion by Forbes and at $58 billion by Yahoo, dethroning Bill Gates, who had been number one on the Forbes list for 13 consecutive years. In 2009, Gates regained the position of number one on the Forbes list, with Buffett second. Their values have dropped to $40 billion and $37 billion, respectively, Buffett having lost $25 billion in 12 months during 2008/2009, according to Forbes.
In October 2008, the media reported that Warren Buffett had agreed to buy General Electric (GE) preferred stock. The operation included extra special incentives: he received an option to buy 3 billion GE at $22.25 in the next five years, and also received a 10% dividend (callable within three years). In February 2009, Buffett sold some of the Procter & Gamble Co, and Johnson & Johnson shares from his portfolio.
In addition to suggestions of mistiming, questions have been raised as to the wisdom in keeping some of Berkshire's major holdings, including The Coca-Cola Company (NYSE:KO) which in 1998 peaked at $86. Buffett discussed the difficulties of knowing when to sell in the company's 2004 annual report:
That may seem easy to do when one looks through an always-clean, rear-view mirror. Unfortunately, however, it's the windshield through which investors must peer, and that glass is invariably fogged.
http://en.wikipedia.org/wiki/Warren_Buffett

About Colony American Finance (HD)

CoreVest Finance is a leading provider of financing solutions to residential real estate investors. We provide attractive long term debt products for stabilized...

CoreVest Finance is a leading provider of financing solutions to residential real estate investors. We provide attractive long term debt products for stabilized rental portfolios as well as credit lines for new acquisitions.
Check us out at:
https://goo.gl/nHrLD6
View Our Services:
https://goo.gl/CSN4Vj

CoreVest Finance is a leading provider of financing solutions to residential real estate investors. We provide attractive long term debt products for stabilized rental portfolios as well as credit lines for new acquisitions.
Check us out at:
https://goo.gl/nHrLD6
View Our Services:
https://goo.gl/CSN4Vj

The American Housing Finance System Introduction

The course is intended for people who would like a deeper understanding of the American housing finance system. The focus will be on providing necessary backgro...

The course is intended for people who would like a deeper understanding of the American housing finance system. The focus will be on providing necessary background knowledge rather than on evaluating specific policy proposals. Near the end of the course, participants will be encouraged to bring up policy issues and to discuss them in light of the information presented. Special emphasis will be placed on two factors. One is mortgage analytics, which means the measurement and modeling of default risk and interest-rate risk from the standpoint of the lender. A second factor is business process and industry structure, which means describing the tasks involved in mortgage lending and characterizing the firms that perform each task.
The American Housing FinanceSystem course: http://mruniversity.com/courses/american-housing-finance-system
Next video: http://mruniversity.com/courses/american-housing-finance-system/guess-and-check-method

The course is intended for people who would like a deeper understanding of the American housing finance system. The focus will be on providing necessary background knowledge rather than on evaluating specific policy proposals. Near the end of the course, participants will be encouraged to bring up policy issues and to discuss them in light of the information presented. Special emphasis will be placed on two factors. One is mortgage analytics, which means the measurement and modeling of default risk and interest-rate risk from the standpoint of the lender. A second factor is business process and industry structure, which means describing the tasks involved in mortgage lending and characterizing the firms that perform each task.
The American Housing FinanceSystem course: http://mruniversity.com/courses/american-housing-finance-system
Next video: http://mruniversity.com/courses/american-housing-finance-system/guess-and-check-method

Evening Lecture/Symposia SeriesMihir Desai on "The Wisdom of Finance"
Tuesday, September 12, 2017 | 05:30 PM to 07:00 PM
The PPT deck for this presentation can be downloaded here:
https://www.moaf.org/events/general/2017-09-12-mihir-desai-on-the-wisdom-of-finance
In 1688, essayist Josef de la Vega described finance as both “the fairest and most deceitful business...the noblest and the most infamous in the world, the finest and most vulgar on earth.” The characterization of finance as deceitful, infamous and vulgar still rings true today – particularly in the wake of the 2008 financial crisis. But, what happened to the fairest noblest, and finest profession that de la Vega saw? De la Vega hit on an essential truth that has been forgotten: finance can be just as principled, life-affirming and worthy as it can be fraught with questionable practices. Today, finance is shrouded in mystery for outsiders, while many insiders are uneasy with the disrepute of their profession. How can finance become more accessible and also recover its nobility?
Harvard Business School professor Mihir Desai, in his “last lecture” to the graduating HarvardMBA class of 2015, took up the cause of restoring humanity to finance. With incisive wit and irony, his lecture drew upon a rich knowledge of literature, film, history and philosophy to explain the inner workings of finance in a manner that has never been seen before.
In his new book based on this lecture, The Wisdom of Finance, Professor Desai provides a lucid exploration of the ideas of finance as seen through the unusual prism of the humanities. Gillian Tett of the Financial Times described it as, "a charming, provocative and readable book." Through this novel, creative approach, he shows that outsiders can access the underlying ideas easily and insiders can reacquaint themselves with the core humanity of their profession.
About the Speaker
Mihir A. Desai is the Mizuho Financial Group Professor of Finance at Harvard Business School and Professor of Law at Harvard Law School. He has taught extensively as an award-winning teacher at HBS and at Harvard University. Professor Desai's areas of expertise include tax policy, international finance and corporate finance. His work has emphasized the appropriate design of tax policy in a globalized setting, the links between corporate governance and taxation, and the internal capital markets of multinational firms.
MUSEUM OF AMERICAN FINANCE
48 Wall Street | New York, NY 10005
Tel: 212.908.4110 | Fax: 212.742.0573
To share or join this event simply go to: http://www.youtube.com/user/FinanceMuseum/live

Evening Lecture/Symposia SeriesMihir Desai on "The Wisdom of Finance"
Tuesday, September 12, 2017 | 05:30 PM to 07:00 PM
The PPT deck for this presentation can be downloaded here:
https://www.moaf.org/events/general/2017-09-12-mihir-desai-on-the-wisdom-of-finance
In 1688, essayist Josef de la Vega described finance as both “the fairest and most deceitful business...the noblest and the most infamous in the world, the finest and most vulgar on earth.” The characterization of finance as deceitful, infamous and vulgar still rings true today – particularly in the wake of the 2008 financial crisis. But, what happened to the fairest noblest, and finest profession that de la Vega saw? De la Vega hit on an essential truth that has been forgotten: finance can be just as principled, life-affirming and worthy as it can be fraught with questionable practices. Today, finance is shrouded in mystery for outsiders, while many insiders are uneasy with the disrepute of their profession. How can finance become more accessible and also recover its nobility?
Harvard Business School professor Mihir Desai, in his “last lecture” to the graduating HarvardMBA class of 2015, took up the cause of restoring humanity to finance. With incisive wit and irony, his lecture drew upon a rich knowledge of literature, film, history and philosophy to explain the inner workings of finance in a manner that has never been seen before.
In his new book based on this lecture, The Wisdom of Finance, Professor Desai provides a lucid exploration of the ideas of finance as seen through the unusual prism of the humanities. Gillian Tett of the Financial Times described it as, "a charming, provocative and readable book." Through this novel, creative approach, he shows that outsiders can access the underlying ideas easily and insiders can reacquaint themselves with the core humanity of their profession.
About the Speaker
Mihir A. Desai is the Mizuho Financial Group Professor of Finance at Harvard Business School and Professor of Law at Harvard Law School. He has taught extensively as an award-winning teacher at HBS and at Harvard University. Professor Desai's areas of expertise include tax policy, international finance and corporate finance. His work has emphasized the appropriate design of tax policy in a globalized setting, the links between corporate governance and taxation, and the internal capital markets of multinational firms.
MUSEUM OF AMERICAN FINANCE
48 Wall Street | New York, NY 10005
Tel: 212.908.4110 | Fax: 212.742.0573
To share or join this event simply go to: http://www.youtube.com/user/FinanceMuseum/live

Rana Foroohar: The Rise of Finance and the Fall of American Business

Eight years on from the biggest market meltdown since the Great Depression, the key lessons of the crisis of 2008 still remain unlearned—and our financial system is just as vulnerable as ever. Many of us know that our government failed to fix the banking system after the subprime mortgage crisis. But what few of us realize is how the misguided financial practices and philosophies that nearly toppled the global financial system have come to infiltrate ALL American businesses, putting us on a collision course for another cataclysmic meltdown. Join us for lunch and conversation with Rana Foroohar, "Time" assistant managing editor and economic columnist, and Tim O'Reilly of O'Reilly Media Inc.
Speaker Rana Foroohar is AssistantManaging Editor of TIME.
Tim O'Reilly, Founder and CEO, O'Reilly...

published: 29 Jun 2016

American Finance: Banking, Financial Markets, Money and Stocks (2014)

Legislation passed by the federal government during the 1980s, such as the Depository Institutions Deregulation and Monetary Control Act of 1980 and the Garn–St. Germain Depository Institutions Act of 1982, reduced the distinctions between banks and other financial institutions in the United States. This legislation is frequently referred to as "deregulation," and it is often blamed for the failure of over 500 savings and loan associations between 1980 and 1988, and the subsequent failure of the FederalSavings and LoanInsuranceCorporation (FSLIC) whose obligations were assumed by the FDIC in 1989. However, some critics of this viewpoint, particularly libertarians, have pointed-out that the federal government's attempts at deregulation granted easy credit to federally insured financial i...

1. Why Finance?

Financial Theory (ECON 251)
This lecture gives a brief history of the young field of financial theory, which began in business schools quite separate from economics, and of my growing interest in the field and in Wall Street. A cornerstone of standard financial theory is the efficient markets hypothesis, but that has been discredited by the financial crisis of 2007-09. This lecture describes the kinds of questions standard financial theory nevertheless answers well. It also introduces the leverage cycle as a critique of standard financial theory and as an explanation of the crisis. The lecture ends with a class experiment illustrating a situation in which the efficient markets hypothesis works surprisingly well.
00:00 - Chapter 1. CourseIntroduction10:16 - Chapter 2. Collateral in the ...

published: 01 Apr 2011

'Makers and Takers': The Rise of Finance and the Fall of American Business

In this MajorityReport segment, Rana Foroohar, editor at "Time" magazine and author of a recently published book on what banking and the financial system are doing to damage our economy.
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published: 13 Jun 2016

The Ascent of Money: A Financial History of The World by Niall Ferguson Epsd 1 5 Full Documentary

ProfessorNiall Ferguson examines the origins of the pillars of the world's financial system, and how behind every great historical phenomenon -- empires and republics, wars and revolutions -- there lies a financial secret.
Episode 1: Dreams of Avarice. From Shylock's pound of flesh to the loan sharks of Glasgow, from the 'promises to pay' on Babylonian clay tablets to the Medici banking system, Professor Ferguson explains the origins of credit and debt and why credit networks are indispensable to any civilization.
Episode 2: HumanBondage. How did finance become the realm of the masters of the universe? Through the rise of the bond market in Renaissance Italy. With the advent of bonds, war finance was transformed and spread to north-west Europe and across the Atlantic. It was the bond mar...

published: 24 Nov 2013

10 Secrets to Achieve Financial Success

Educationhttp://www.itpm.com/education/
Seminars http://www.itpm.com/seminars/
Mentoring https://www.itpm.com/trader-mentoring/
Contact Us http://www.itpm.com/contact/
Twitter = @AntonKreil
In June 2015, Managing Partner of the Institute of Trading and Portfolio ManagementAnton Kreil was interviewed whilst on a business trip from Singapore to New York and London. In this fly on the wall documentary style interview, Anton is probed by interviewer Tom Murray on what it takes for people to become financially successful and to obtain personal freedom. The result is an epic journey around the world, providing a glimpse into the life of one of the most successful financial markets traders in the world over the last 20 years and his philosophies on money, business and life. During the inte...

published: 22 Sep 2015

Andrew W. Lo on "Adaptive Markets: Financial Evolution at the Speed of Thought"

The American Dream - Understanding Money and the Banking System

Posted with Permission - Please support the video creators by buying the high quality video from their website or by making a donation
http://theamericandreamfilm.com/
The AMERICAN DREAM is a 30 minute animated film that shows you how you've been scammed by the most basic elements of our government system. All of usAmericans strive for the American Dream, and this film shows you why your dream is getting farther and farther away. Do you know how your money is created? Or how banking works? Why did housing prices skyrocket and then plunge? Do you really know what the Federal Reserve System is and how it affects you every single day? THE AMERICAN DREAM takes an entertaining but hard hitting look at how the problems we have today are nothing new, and why leaders throughout our history ha...

published: 12 Jan 2011

How the rich get richer – money in the world economy | DW Documentary

Exploding real estate prices, zero interest rate and a rising stock market – the rich are getting richer. What danger lies in wait for average citizens?
For years, the world’s central banks have been pursuing a policy of cheap money. The first and foremost is the ECB (European Central Bank), which buys bad stocks and bonds to save banks, tries to fuel economic growth and props up states that are in debt. But what relieves state budgets to the tune of hundreds of billions annoys savers: interest rates are close to zero.
The fiscal policies of the central banks are causing an uncontrolled global deluge of money. Experts are warning of new bubbles. In real estate, for example: it’s not just in German cities that prices are shooting up. In London, a one-bed apartment can easily cost more th...

published: 05 Jul 2017

The Secret History of Wall Street: The Rise of Modern Finance - Investment Banking (2001)

Global Financial Meltdown - One Of The Best Financial Crisis Documentary Films

Meltdown is a four-part investigation into a world of greed and recklessness that brought down the financial world. The show begins with the 2008 crash that pushed 30 million people into unemployment, brought countries to the edge of insolvency and turned the clock back to 1929.
But how did it all go so wrong? Lack of government regulation; easy lending in the US housing market meant anyone could qualify for a home loan with no government regulations in place. Also, London was competing with New York as the banking capital of the world. Gordon Brown, the British finance minister at the time, introduced "light touch regulation" - giving bankers a free hand in the marketplace.
Meltdown moves on to examine the epidemic of fear that caused the world's banks to stop lending and how the people...

Rana Foroohar: The Rise of Finance and the Fall of American Business

Eight years on from the biggest market meltdown since the Great Depression, the key lessons of the crisis of 2008 still remain unlearned—and our financial syste...

Eight years on from the biggest market meltdown since the Great Depression, the key lessons of the crisis of 2008 still remain unlearned—and our financial system is just as vulnerable as ever. Many of us know that our government failed to fix the banking system after the subprime mortgage crisis. But what few of us realize is how the misguided financial practices and philosophies that nearly toppled the global financial system have come to infiltrate ALL American businesses, putting us on a collision course for another cataclysmic meltdown. Join us for lunch and conversation with Rana Foroohar, "Time" assistant managing editor and economic columnist, and Tim O'Reilly of O'Reilly Media Inc.
Speaker Rana Foroohar is AssistantManaging Editor of TIME.
Tim O'Reilly, Founder and CEO, O'Reilly Media, moderates the discussion.
For more information about this event please visit: http://www.worldaffairs.org/event-calendar/event/1611

Eight years on from the biggest market meltdown since the Great Depression, the key lessons of the crisis of 2008 still remain unlearned—and our financial system is just as vulnerable as ever. Many of us know that our government failed to fix the banking system after the subprime mortgage crisis. But what few of us realize is how the misguided financial practices and philosophies that nearly toppled the global financial system have come to infiltrate ALL American businesses, putting us on a collision course for another cataclysmic meltdown. Join us for lunch and conversation with Rana Foroohar, "Time" assistant managing editor and economic columnist, and Tim O'Reilly of O'Reilly Media Inc.
Speaker Rana Foroohar is AssistantManaging Editor of TIME.
Tim O'Reilly, Founder and CEO, O'Reilly Media, moderates the discussion.
For more information about this event please visit: http://www.worldaffairs.org/event-calendar/event/1611

Legislation passed by the federal government during the 1980s, such as the Depository Institutions Deregulation and Monetary Control Act of 1980 and the Garn–St. Germain Depository Institutions Act of 1982, reduced the distinctions between banks and other financial institutions in the United States. This legislation is frequently referred to as "deregulation," and it is often blamed for the failure of over 500 savings and loan associations between 1980 and 1988, and the subsequent failure of the FederalSavings and LoanInsuranceCorporation (FSLIC) whose obligations were assumed by the FDIC in 1989. However, some critics of this viewpoint, particularly libertarians, have pointed-out that the federal government's attempts at deregulation granted easy credit to federally insured financial institutions, encouraging them to overextend themselves and (thus) fail.
The savings and loan crisis of the 1980s and 1990s was the failure of 747 of the 3,234 savings and loan associations in the United States. "As ofDecember 31, 1995, RTC estimated that the total cost for resolving the 747 failed institutions was $87.9 billion." The remainder of the bailout was paid for by charges on savings and loan accounts—which contributed to the large budget deficits of the early 1990s.[55]
The concomitant slowdown in the finance industry and the real estate market may have been a contributing cause of the 1990–1991 economic recession. Between 1986 and 1991, the number of new homes constructed per year dropped from 1.8 million to 1 million, which was at the time the lowest rate since World War II.
Until 1989, national banks (those with national charters) were required to participate in the FDIC, while state banks either were required to obtain FDIC insurance by state law or could join voluntarily (usually in an attempt to bolster their appearance of solvency). After enactment of the Federal Deposit Insurance Corporation Improvement Act of 1989 (FDICIA), all commercial banks that accepted deposits were required to obtain FDIC insurance and to have a primary federal regulator (the Fed for state banks that are members of the Federal Reserve System, the FDIC for "nonmember" state banks, and the Office of the Comptroller of the Currency for all NationalBanks).
Note: Federal credit unions are regulated by National Credit Union Administration (NCUA). Savings & Loan Associations (S&L) and Federal savings banks (FSB) are regulated by the Office of Thrift Supervision (OTS).
The Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 amended the laws governing federally chartered banks in order to restore the laws' competitiveness with the recently relaxed laws governing state-chartered banks.
The late-2000s financial crisis is considered by many economists to be the worst financial crisis since the Great Depression.[66] It was triggered by a liquidity shortfall in the United States banking system[67] and has resulted in the collapse of large financial institutions, the bailout of banks by national governments, and downturns in stock markets around the world. In many areas, the housing market has also suffered, resulting in numerous evictions, foreclosures and prolonged vacancies. It contributed to the failure of key businesses, declines in consumer wealth estimated in the trillions of U.S. dollars, and a significant decline in economic activity, leading to a severe global economic recession in 2008.[68]
The collapse of the U.S. housing bubble, which peaked in 2006, caused the values of securities tied to U.S. real estate pricing to plummet, damaging financial institutions globally.[69] Questions regarding bank solvency, declines in credit availability and damaged investor confidence had an impact on global stock markets, where securities suffered large losses during 2008 and early 2009. Economies worldwide slowed during this period, as credit tightened and international trade declined. Critics argued that credit rating agencies and investors failed to accurately price the risk involved with mortgage-related financial products, and that governments did not adjust their regulatory practices to address 21st-century financial markets. Governments and central banks responded with unprecedented fiscal stimulus, monetary policy expansion and institutional bailouts.
http://en.wikipedia.org/wiki/Banking_in_the_United_States

Legislation passed by the federal government during the 1980s, such as the Depository Institutions Deregulation and Monetary Control Act of 1980 and the Garn–St. Germain Depository Institutions Act of 1982, reduced the distinctions between banks and other financial institutions in the United States. This legislation is frequently referred to as "deregulation," and it is often blamed for the failure of over 500 savings and loan associations between 1980 and 1988, and the subsequent failure of the FederalSavings and LoanInsuranceCorporation (FSLIC) whose obligations were assumed by the FDIC in 1989. However, some critics of this viewpoint, particularly libertarians, have pointed-out that the federal government's attempts at deregulation granted easy credit to federally insured financial institutions, encouraging them to overextend themselves and (thus) fail.
The savings and loan crisis of the 1980s and 1990s was the failure of 747 of the 3,234 savings and loan associations in the United States. "As ofDecember 31, 1995, RTC estimated that the total cost for resolving the 747 failed institutions was $87.9 billion." The remainder of the bailout was paid for by charges on savings and loan accounts—which contributed to the large budget deficits of the early 1990s.[55]
The concomitant slowdown in the finance industry and the real estate market may have been a contributing cause of the 1990–1991 economic recession. Between 1986 and 1991, the number of new homes constructed per year dropped from 1.8 million to 1 million, which was at the time the lowest rate since World War II.
Until 1989, national banks (those with national charters) were required to participate in the FDIC, while state banks either were required to obtain FDIC insurance by state law or could join voluntarily (usually in an attempt to bolster their appearance of solvency). After enactment of the Federal Deposit Insurance Corporation Improvement Act of 1989 (FDICIA), all commercial banks that accepted deposits were required to obtain FDIC insurance and to have a primary federal regulator (the Fed for state banks that are members of the Federal Reserve System, the FDIC for "nonmember" state banks, and the Office of the Comptroller of the Currency for all NationalBanks).
Note: Federal credit unions are regulated by National Credit Union Administration (NCUA). Savings & Loan Associations (S&L) and Federal savings banks (FSB) are regulated by the Office of Thrift Supervision (OTS).
The Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 amended the laws governing federally chartered banks in order to restore the laws' competitiveness with the recently relaxed laws governing state-chartered banks.
The late-2000s financial crisis is considered by many economists to be the worst financial crisis since the Great Depression.[66] It was triggered by a liquidity shortfall in the United States banking system[67] and has resulted in the collapse of large financial institutions, the bailout of banks by national governments, and downturns in stock markets around the world. In many areas, the housing market has also suffered, resulting in numerous evictions, foreclosures and prolonged vacancies. It contributed to the failure of key businesses, declines in consumer wealth estimated in the trillions of U.S. dollars, and a significant decline in economic activity, leading to a severe global economic recession in 2008.[68]
The collapse of the U.S. housing bubble, which peaked in 2006, caused the values of securities tied to U.S. real estate pricing to plummet, damaging financial institutions globally.[69] Questions regarding bank solvency, declines in credit availability and damaged investor confidence had an impact on global stock markets, where securities suffered large losses during 2008 and early 2009. Economies worldwide slowed during this period, as credit tightened and international trade declined. Critics argued that credit rating agencies and investors failed to accurately price the risk involved with mortgage-related financial products, and that governments did not adjust their regulatory practices to address 21st-century financial markets. Governments and central banks responded with unprecedented fiscal stimulus, monetary policy expansion and institutional bailouts.
http://en.wikipedia.org/wiki/Banking_in_the_United_States

1. Why Finance?

Financial Theory (ECON 251)
This lecture gives a brief history of the young field of financial theory, which began in business schools quite separate from econ...

Financial Theory (ECON 251)
This lecture gives a brief history of the young field of financial theory, which began in business schools quite separate from economics, and of my growing interest in the field and in Wall Street. A cornerstone of standard financial theory is the efficient markets hypothesis, but that has been discredited by the financial crisis of 2007-09. This lecture describes the kinds of questions standard financial theory nevertheless answers well. It also introduces the leverage cycle as a critique of standard financial theory and as an explanation of the crisis. The lecture ends with a class experiment illustrating a situation in which the efficient markets hypothesis works surprisingly well.
00:00 - Chapter 1. CourseIntroduction10:16 - Chapter 2. Collateral in the Standard Theory
17:54 - Chapter 3. Leverage in Housing Prices
33:47 - Chapter 4. Examples of Finance
46:13 - Chapter 5. Why Study Finance?
50:13 - Chapter 6. Logistics
58:22 - Chapter 7. A Experiment of the Financial MarketComplete course materials are available at the YaleOnline website: online.yale.edu
This course was recorded in Fall 2009.

Financial Theory (ECON 251)
This lecture gives a brief history of the young field of financial theory, which began in business schools quite separate from economics, and of my growing interest in the field and in Wall Street. A cornerstone of standard financial theory is the efficient markets hypothesis, but that has been discredited by the financial crisis of 2007-09. This lecture describes the kinds of questions standard financial theory nevertheless answers well. It also introduces the leverage cycle as a critique of standard financial theory and as an explanation of the crisis. The lecture ends with a class experiment illustrating a situation in which the efficient markets hypothesis works surprisingly well.
00:00 - Chapter 1. CourseIntroduction10:16 - Chapter 2. Collateral in the Standard Theory
17:54 - Chapter 3. Leverage in Housing Prices
33:47 - Chapter 4. Examples of Finance
46:13 - Chapter 5. Why Study Finance?
50:13 - Chapter 6. Logistics
58:22 - Chapter 7. A Experiment of the Financial MarketComplete course materials are available at the YaleOnline website: online.yale.edu
This course was recorded in Fall 2009.

In this MajorityReport segment, Rana Foroohar, editor at "Time" magazine and author of a recently published book on what banking and the financial system are doing to damage our economy.
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In this MajorityReport segment, Rana Foroohar, editor at "Time" magazine and author of a recently published book on what banking and the financial system are doing to damage our economy.
Watch the Majority Report, live M-F at 12 noon EST and via daily podcast at http://Majority.FM
Download our FREE app: http://majorityapp.com
SUPPORT the show by becoming a member: http://jointhemajorityreport.com
and
BUY all of your Amazon purchase thru our Amazon affiliate link: http://majorityreportkickback.com
LIKE us on Facebook: http://facebook.com/MajorityReport
FOLLOW us on Twitter: http://twitter.com/MajorityFM
SUBSCRIBE to us on YouTube: http://youtube.com/user/SamSeder
WATCH our LIVE show video stream: http://youtube.com/user/MajorityReportLIVE

The Ascent of Money: A Financial History of The World by Niall Ferguson Epsd 1 5 Full Documentary

ProfessorNiall Ferguson examines the origins of the pillars of the world's financial system, and how behind every great historical phenomenon -- empires and re...

ProfessorNiall Ferguson examines the origins of the pillars of the world's financial system, and how behind every great historical phenomenon -- empires and republics, wars and revolutions -- there lies a financial secret.
Episode 1: Dreams of Avarice. From Shylock's pound of flesh to the loan sharks of Glasgow, from the 'promises to pay' on Babylonian clay tablets to the Medici banking system, Professor Ferguson explains the origins of credit and debt and why credit networks are indispensable to any civilization.
Episode 2: HumanBondage. How did finance become the realm of the masters of the universe? Through the rise of the bond market in Renaissance Italy. With the advent of bonds, war finance was transformed and spread to north-west Europe and across the Atlantic. It was the bond market that made the Rothschilds the richest and most powerful family of the 19th century. And today governments are asking it to bail them out.
Episode 3: BlowingBubbles. Why do stock markets produce bubbles and busts? Professor Ferguson goes back to the origins of the joint stock company in Amsterdam and Paris. He draws telling parallels between the current stock market crash and the 18th-centuryMississippi Bubble of Scottish financier John Law and the 2001Enron bankruptcy. He shows why humans have a herd instinct when it comes to investment, and why no one can accurately predict when the bulls might stampede.
Episode 4: Risky Business. Life is a risky business -- which is why people take out insurance. But faced with an unexpected disaster, the state has to step in. Professor Ferguson travels to post-Katrina New Orleans to ask why the free market can't provide adequate protection against catastrophe. His quest for an answer takes him to the origins of modern insurance in the early 19th century and to the birth of the welfare state in post-war Japan.
Episode 5: Safe As Houses. It sounded so simple: give state-owned assets to the people. After all, what better foundation for a property-owning democracy than a campaign of privatisation encompassing housing? An economic theory says that markets can't function without mortgages, because it's only by borrowing against their assets that entrepreneurs can get their businesses off the ground. But what if mortgages are bundled together and sold off to the highest bidder?
Episode 6: Chimerica. Since the 1990s, once risky markets in Asia, Latin America and eastern Europe have become better investments than the UK or US stock market. The explanation is the rise of 'Chimerica', the economic marriage of China and the United States. But does it make sense for poor Chinese savers to lend to rich American spenders?
http://www.RebelMystic.com

ProfessorNiall Ferguson examines the origins of the pillars of the world's financial system, and how behind every great historical phenomenon -- empires and republics, wars and revolutions -- there lies a financial secret.
Episode 1: Dreams of Avarice. From Shylock's pound of flesh to the loan sharks of Glasgow, from the 'promises to pay' on Babylonian clay tablets to the Medici banking system, Professor Ferguson explains the origins of credit and debt and why credit networks are indispensable to any civilization.
Episode 2: HumanBondage. How did finance become the realm of the masters of the universe? Through the rise of the bond market in Renaissance Italy. With the advent of bonds, war finance was transformed and spread to north-west Europe and across the Atlantic. It was the bond market that made the Rothschilds the richest and most powerful family of the 19th century. And today governments are asking it to bail them out.
Episode 3: BlowingBubbles. Why do stock markets produce bubbles and busts? Professor Ferguson goes back to the origins of the joint stock company in Amsterdam and Paris. He draws telling parallels between the current stock market crash and the 18th-centuryMississippi Bubble of Scottish financier John Law and the 2001Enron bankruptcy. He shows why humans have a herd instinct when it comes to investment, and why no one can accurately predict when the bulls might stampede.
Episode 4: Risky Business. Life is a risky business -- which is why people take out insurance. But faced with an unexpected disaster, the state has to step in. Professor Ferguson travels to post-Katrina New Orleans to ask why the free market can't provide adequate protection against catastrophe. His quest for an answer takes him to the origins of modern insurance in the early 19th century and to the birth of the welfare state in post-war Japan.
Episode 5: Safe As Houses. It sounded so simple: give state-owned assets to the people. After all, what better foundation for a property-owning democracy than a campaign of privatisation encompassing housing? An economic theory says that markets can't function without mortgages, because it's only by borrowing against their assets that entrepreneurs can get their businesses off the ground. But what if mortgages are bundled together and sold off to the highest bidder?
Episode 6: Chimerica. Since the 1990s, once risky markets in Asia, Latin America and eastern Europe have become better investments than the UK or US stock market. The explanation is the rise of 'Chimerica', the economic marriage of China and the United States. But does it make sense for poor Chinese savers to lend to rich American spenders?
http://www.RebelMystic.com

The American Dream - Understanding Money and the Banking System

Posted with Permission - Please support the video creators by buying the high quality video from their website or by making a donation
http://theamericandreamf...

Posted with Permission - Please support the video creators by buying the high quality video from their website or by making a donation
http://theamericandreamfilm.com/
The AMERICAN DREAM is a 30 minute animated film that shows you how you've been scammed by the most basic elements of our government system. All of usAmericans strive for the American Dream, and this film shows you why your dream is getting farther and farther away. Do you know how your money is created? Or how banking works? Why did housing prices skyrocket and then plunge? Do you really know what the Federal Reserve System is and how it affects you every single day? THE AMERICAN DREAM takes an entertaining but hard hitting look at how the problems we have today are nothing new, and why leaders throughout our history have warned us and fought against the current type of financial system we have in America today. You will be challenged to investigate some very entrenched and powerful institutions in this nation, and hopefully encouraged to help get our nation back on track.
Buy the high quality video from the website,
http://theamericandreamfilm.com/
The video creators understand that how the monetary system works can be very confusing to some and have done a brilliant job in explaining how the whole system is set up to keep you forever in debt. This is not what the original founding fathers of America had in mind.
Also, this is not just an American problem. It's the same scam in nearly all countries around the world

Posted with Permission - Please support the video creators by buying the high quality video from their website or by making a donation
http://theamericandreamfilm.com/
The AMERICAN DREAM is a 30 minute animated film that shows you how you've been scammed by the most basic elements of our government system. All of usAmericans strive for the American Dream, and this film shows you why your dream is getting farther and farther away. Do you know how your money is created? Or how banking works? Why did housing prices skyrocket and then plunge? Do you really know what the Federal Reserve System is and how it affects you every single day? THE AMERICAN DREAM takes an entertaining but hard hitting look at how the problems we have today are nothing new, and why leaders throughout our history have warned us and fought against the current type of financial system we have in America today. You will be challenged to investigate some very entrenched and powerful institutions in this nation, and hopefully encouraged to help get our nation back on track.
Buy the high quality video from the website,
http://theamericandreamfilm.com/
The video creators understand that how the monetary system works can be very confusing to some and have done a brilliant job in explaining how the whole system is set up to keep you forever in debt. This is not what the original founding fathers of America had in mind.
Also, this is not just an American problem. It's the same scam in nearly all countries around the world

How the rich get richer – money in the world economy | DW Documentary

Exploding real estate prices, zero interest rate and a rising stock market – the rich are getting richer. What danger lies in wait for average citizens?
For y...

Exploding real estate prices, zero interest rate and a rising stock market – the rich are getting richer. What danger lies in wait for average citizens?
For years, the world’s central banks have been pursuing a policy of cheap money. The first and foremost is the ECB (European Central Bank), which buys bad stocks and bonds to save banks, tries to fuel economic growth and props up states that are in debt. But what relieves state budgets to the tune of hundreds of billions annoys savers: interest rates are close to zero.
The fiscal policies of the central banks are causing an uncontrolled global deluge of money. Experts are warning of new bubbles. In real estate, for example: it’s not just in German cities that prices are shooting up. In London, a one-bed apartment can easily cost more than a million Euro. More and more money is moving away from the real economy and into the speculative field. Highly complex financial bets are taking place in the global casino - gambling without checks and balances. The winners are set from the start: in Germany and around the world, the rich just get richer. ProfessorMax Otte says: "This flood of money has caused a dangerous redistribution. Those who have, get more." But with low interest rates, any money in savings accounts just melts away. Those with debts can be happy. But big companies that want to swallow up others are also happy: they can borrow cheap money for their acquisitions. Coupled with the liberalization of the financial markets, money deals have become detached from the real economy. But it’s not just the banks that need a constant source of new, cheap money today. So do states. They need it to keep a grip on their mountains of debt. It’s a kind of snowball system. What happens to our money? Is a new crisis looming? The film 'The MoneyDeluge' casts a new and surprising light on our money in these times of zero interest rates.
_______
Exciting, powerful and informative – DW Documentary is always close to current affairs and international events. Our eclectic mix of award-winning films and reports take you straight to the heart of the story. Dive into different cultures, journey across distant lands, and discover the inner workings of modern-day life. Subscribe and explore the world around you – every day, one DW Documentary at a time.
Subscribe to DW Documentary:
https://www.youtube.com/channel/UCW39zufHfsuGgpLviKh297Q?sub_confirmation=1#
For more information visit:
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DW netiquette policy: http://www.dw.com/en/dws-netiquette-policy/a-5300954

Exploding real estate prices, zero interest rate and a rising stock market – the rich are getting richer. What danger lies in wait for average citizens?
For years, the world’s central banks have been pursuing a policy of cheap money. The first and foremost is the ECB (European Central Bank), which buys bad stocks and bonds to save banks, tries to fuel economic growth and props up states that are in debt. But what relieves state budgets to the tune of hundreds of billions annoys savers: interest rates are close to zero.
The fiscal policies of the central banks are causing an uncontrolled global deluge of money. Experts are warning of new bubbles. In real estate, for example: it’s not just in German cities that prices are shooting up. In London, a one-bed apartment can easily cost more than a million Euro. More and more money is moving away from the real economy and into the speculative field. Highly complex financial bets are taking place in the global casino - gambling without checks and balances. The winners are set from the start: in Germany and around the world, the rich just get richer. ProfessorMax Otte says: "This flood of money has caused a dangerous redistribution. Those who have, get more." But with low interest rates, any money in savings accounts just melts away. Those with debts can be happy. But big companies that want to swallow up others are also happy: they can borrow cheap money for their acquisitions. Coupled with the liberalization of the financial markets, money deals have become detached from the real economy. But it’s not just the banks that need a constant source of new, cheap money today. So do states. They need it to keep a grip on their mountains of debt. It’s a kind of snowball system. What happens to our money? Is a new crisis looming? The film 'The MoneyDeluge' casts a new and surprising light on our money in these times of zero interest rates.
_______
Exciting, powerful and informative – DW Documentary is always close to current affairs and international events. Our eclectic mix of award-winning films and reports take you straight to the heart of the story. Dive into different cultures, journey across distant lands, and discover the inner workings of modern-day life. Subscribe and explore the world around you – every day, one DW Documentary at a time.
Subscribe to DW Documentary:
https://www.youtube.com/channel/UCW39zufHfsuGgpLviKh297Q?sub_confirmation=1#
For more information visit:
https://www.dw.com/documentaries
Instagram
https://www.instagram.com/dwdocumentary/
Facebook:
https://www.facebook.com/dw.stories
DW netiquette policy: http://www.dw.com/en/dws-netiquette-policy/a-5300954

Global Financial Meltdown - One Of The Best Financial Crisis Documentary Films

Meltdown is a four-part investigation into a world of greed and recklessness that brought down the financial world. The show begins with the 2008 crash that pus...

Meltdown is a four-part investigation into a world of greed and recklessness that brought down the financial world. The show begins with the 2008 crash that pushed 30 million people into unemployment, brought countries to the edge of insolvency and turned the clock back to 1929.
But how did it all go so wrong? Lack of government regulation; easy lending in the US housing market meant anyone could qualify for a home loan with no government regulations in place. Also, London was competing with New York as the banking capital of the world. Gordon Brown, the British finance minister at the time, introduced "light touch regulation" - giving bankers a free hand in the marketplace.
Meltdown moves on to examine the epidemic of fear that caused the world's banks to stop lending and how the people began their fight back. Finally, it asks how the world can prepare for the next crisis even as it recognises that this one is far from over.
We hear about the sheikh who says the crash never happened; a Wall Street king charged with fraud; a congresswoman who wants to jail the bankers; and the world leaders who want a re-think of capitalism.
http://www.RebelMystic.com

Meltdown is a four-part investigation into a world of greed and recklessness that brought down the financial world. The show begins with the 2008 crash that pushed 30 million people into unemployment, brought countries to the edge of insolvency and turned the clock back to 1929.
But how did it all go so wrong? Lack of government regulation; easy lending in the US housing market meant anyone could qualify for a home loan with no government regulations in place. Also, London was competing with New York as the banking capital of the world. Gordon Brown, the British finance minister at the time, introduced "light touch regulation" - giving bankers a free hand in the marketplace.
Meltdown moves on to examine the epidemic of fear that caused the world's banks to stop lending and how the people began their fight back. Finally, it asks how the world can prepare for the next crisis even as it recognises that this one is far from over.
We hear about the sheikh who says the crash never happened; a Wall Street king charged with fraud; a congresswoman who wants to jail the bankers; and the world leaders who want a re-think of capitalism.
http://www.RebelMystic.com

Bloomberg Global News

BloombergGlobal News brings you live coverage of the markets open and close, plus everything you need to know across business, finance, technology, politics and more daily.
To watch complete markets coverage on Bloomberg Television 24/7, visit http://www.bloomberg.com/live, the Bloomberg mobile app for iOS and Android, and on Apple TV, Roku, Samsung TV, Amazon Fire and Google TV.
Connect with us on...
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2:30

Museum of American Finance

The Museum of American Finance is a bastion of banking and business relics.

The Rise of Finance and the Fall of American Business - RAI with Rana Foroohar (1/6)

On Reality Asserts Itself, Ms. Foroohar says financialization delivers stagnant wages, inequality and economic crisis; the Financial Times columnist and author of “Makers and Takers” says the financial sector represents only 7 percent of the U.S. economy, but takes around 25 percent of all corporate profit while creating only 4 percent of all jobs - with host Paul JayVisithttp://therealnews.com for more stories and help support our work by donating at http://therealnews.com/donate.

1:01:44

Rana Foroohar: The Rise of Finance and the Fall of American Business

Eight years on from the biggest market meltdown since the Great Depression, the key lesson...

Rana Foroohar: The Rise of Finance and the Fall of American Business

Eight years on from the biggest market meltdown since the Great Depression, the key lessons of the crisis of 2008 still remain unlearned—and our financial system is just as vulnerable as ever. Many of us know that our government failed to fix the banking system after the subprime mortgage crisis. But what few of us realize is how the misguided financial practices and philosophies that nearly toppled the global financial system have come to infiltrate ALL American businesses, putting us on a collision course for another cataclysmic meltdown. Join us for lunch and conversation with Rana Foroohar, "Time" assistant managing editor and economic columnist, and Tim O'Reilly of O'Reilly Media Inc.
Speaker Rana Foroohar is AssistantManaging Editor of TIME.
Tim O'Reilly, Founder and CEO, O'Reilly Media, moderates the discussion.
For more information about this event please visit: http://www.worldaffairs.org/event-calendar/event/1611

27:31

American Finance: Banking, Financial Markets, Money and Stocks (2014)

Legislation passed by the federal government during the 1980s, such as the Depository Inst...

American Finance: Banking, Financial Markets, Money and Stocks (2014)

Legislation passed by the federal government during the 1980s, such as the Depository Institutions Deregulation and Monetary Control Act of 1980 and the Garn–St. Germain Depository Institutions Act of 1982, reduced the distinctions between banks and other financial institutions in the United States. This legislation is frequently referred to as "deregulation," and it is often blamed for the failure of over 500 savings and loan associations between 1980 and 1988, and the subsequent failure of the FederalSavings and LoanInsuranceCorporation (FSLIC) whose obligations were assumed by the FDIC in 1989. However, some critics of this viewpoint, particularly libertarians, have pointed-out that the federal government's attempts at deregulation granted easy credit to federally insured financial institutions, encouraging them to overextend themselves and (thus) fail.
The savings and loan crisis of the 1980s and 1990s was the failure of 747 of the 3,234 savings and loan associations in the United States. "As ofDecember 31, 1995, RTC estimated that the total cost for resolving the 747 failed institutions was $87.9 billion." The remainder of the bailout was paid for by charges on savings and loan accounts—which contributed to the large budget deficits of the early 1990s.[55]
The concomitant slowdown in the finance industry and the real estate market may have been a contributing cause of the 1990–1991 economic recession. Between 1986 and 1991, the number of new homes constructed per year dropped from 1.8 million to 1 million, which was at the time the lowest rate since World War II.
Until 1989, national banks (those with national charters) were required to participate in the FDIC, while state banks either were required to obtain FDIC insurance by state law or could join voluntarily (usually in an attempt to bolster their appearance of solvency). After enactment of the Federal Deposit Insurance Corporation Improvement Act of 1989 (FDICIA), all commercial banks that accepted deposits were required to obtain FDIC insurance and to have a primary federal regulator (the Fed for state banks that are members of the Federal Reserve System, the FDIC for "nonmember" state banks, and the Office of the Comptroller of the Currency for all NationalBanks).
Note: Federal credit unions are regulated by National Credit Union Administration (NCUA). Savings & Loan Associations (S&L) and Federal savings banks (FSB) are regulated by the Office of Thrift Supervision (OTS).
The Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 amended the laws governing federally chartered banks in order to restore the laws' competitiveness with the recently relaxed laws governing state-chartered banks.
The late-2000s financial crisis is considered by many economists to be the worst financial crisis since the Great Depression.[66] It was triggered by a liquidity shortfall in the United States banking system[67] and has resulted in the collapse of large financial institutions, the bailout of banks by national governments, and downturns in stock markets around the world. In many areas, the housing market has also suffered, resulting in numerous evictions, foreclosures and prolonged vacancies. It contributed to the failure of key businesses, declines in consumer wealth estimated in the trillions of U.S. dollars, and a significant decline in economic activity, leading to a severe global economic recession in 2008.[68]
The collapse of the U.S. housing bubble, which peaked in 2006, caused the values of securities tied to U.S. real estate pricing to plummet, damaging financial institutions globally.[69] Questions regarding bank solvency, declines in credit availability and damaged investor confidence had an impact on global stock markets, where securities suffered large losses during 2008 and early 2009. Economies worldwide slowed during this period, as credit tightened and international trade declined. Critics argued that credit rating agencies and investors failed to accurately price the risk involved with mortgage-related financial products, and that governments did not adjust their regulatory practices to address 21st-century financial markets. Governments and central banks responded with unprecedented fiscal stimulus, monetary policy expansion and institutional bailouts.
http://en.wikipedia.org/wiki/Banking_in_the_United_States

4:00:15

The Ascent of Money: A Financial History of The World by Niall Ferguson Epsd 1 5 Full Documentary

Professor Niall Ferguson examines the origins of the pillars of the world's financial syst...

The Ascent of Money: A Financial History of The World by Niall Ferguson Epsd 1 5 Full Documentary

ProfessorNiall Ferguson examines the origins of the pillars of the world's financial system, and how behind every great historical phenomenon -- empires and republics, wars and revolutions -- there lies a financial secret.
Episode 1: Dreams of Avarice. From Shylock's pound of flesh to the loan sharks of Glasgow, from the 'promises to pay' on Babylonian clay tablets to the Medici banking system, Professor Ferguson explains the origins of credit and debt and why credit networks are indispensable to any civilization.
Episode 2: HumanBondage. How did finance become the realm of the masters of the universe? Through the rise of the bond market in Renaissance Italy. With the advent of bonds, war finance was transformed and spread to north-west Europe and across the Atlantic. It was the bond market that made the Rothschilds the richest and most powerful family of the 19th century. And today governments are asking it to bail them out.
Episode 3: BlowingBubbles. Why do stock markets produce bubbles and busts? Professor Ferguson goes back to the origins of the joint stock company in Amsterdam and Paris. He draws telling parallels between the current stock market crash and the 18th-centuryMississippi Bubble of Scottish financier John Law and the 2001Enron bankruptcy. He shows why humans have a herd instinct when it comes to investment, and why no one can accurately predict when the bulls might stampede.
Episode 4: Risky Business. Life is a risky business -- which is why people take out insurance. But faced with an unexpected disaster, the state has to step in. Professor Ferguson travels to post-Katrina New Orleans to ask why the free market can't provide adequate protection against catastrophe. His quest for an answer takes him to the origins of modern insurance in the early 19th century and to the birth of the welfare state in post-war Japan.
Episode 5: Safe As Houses. It sounded so simple: give state-owned assets to the people. After all, what better foundation for a property-owning democracy than a campaign of privatisation encompassing housing? An economic theory says that markets can't function without mortgages, because it's only by borrowing against their assets that entrepreneurs can get their businesses off the ground. But what if mortgages are bundled together and sold off to the highest bidder?
Episode 6: Chimerica. Since the 1990s, once risky markets in Asia, Latin America and eastern Europe have become better investments than the UK or US stock market. The explanation is the rise of 'Chimerica', the economic marriage of China and the United States. But does it make sense for poor Chinese savers to lend to rich American spenders?
http://www.RebelMystic.com

43:57

William Ackman: Everything You Need to Know About Finance and Investing in Under an Hour

William Ackman: Everything You Need to Know About Finance and Investing in Under an Hour.
...

Mark Cuban: Only Morons Start a Business on a Loan

June 14 (Bloomberg) -- Entrepreneur Mark Cuban discusses the U.S. Economy and starting a business with Trish Regan at the Clinton Global Initiative in Chicago on Bloomberg Television's "Street Smart." (Source: Bloomberg)
--Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg
On Bloomberg Television's "Street Smart," hosts Trish Regan and Adam Johnson bring you the most important market news and analysis affecting the S&P 500, Dow Jones Industrial Average, and the Nasdaq for your last trade of today and first trade for tomorrow. Broadcasting daily from Bloomberg TV's headquarters in New York, this business news show centered around the closing bell on New York exchanges, is targeted to provide the best analysis of the day's leading market headlines with a mix of original reporting, earnings news and expert sourcing from Wall Street's sharpest options traders, equity strategists and company analysts.
Trish Regan and Adam Johnson provide actionable insight on the capital markets daily with regular segments such as "Chart Attack," depicting likely market moves before they happen, and "Insight & Action" which explains original trading ideas that can make you money. In addition, "Street Smart" is filled with breaking news, political analysis, and market-moving interviews with exclusive guests such billionaire investor Carl Icahn, hedge fund titan Bill Ackman, automaker Elon Musk and more.
"Street Smart" broadcasts at 3-5pm ET/12-2pm PT. For a complete compilation of Street Smart videos, visit: http://www.bloomberg.com/video/street-smart/
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51:53

The Secret History of Wall Street: The Rise of Modern Finance - Investment Banking (2001)

Anthony Joseph Drexel (September 13, 1826 — June 30, 1893) was an American banker who play...

'Makers and Takers': The Rise of Finance and the Fall of American Business

In this MajorityReport segment, Rana Foroohar, editor at "Time" magazine and author of a recently published book on what banking and the financial system are doing to damage our economy.
Watch the Majority Report, live M-F at 12 noon EST and via daily podcast at http://Majority.FM
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The American Dream - Understanding Money and the Banking System

Posted with Permission - Please support the video creators by buying the high quality video from their website or by making a donation
http://theamericandreamfilm.com/
The AMERICAN DREAM is a 30 minute animated film that shows you how you've been scammed by the most basic elements of our government system. All of usAmericans strive for the American Dream, and this film shows you why your dream is getting farther and farther away. Do you know how your money is created? Or how banking works? Why did housing prices skyrocket and then plunge? Do you really know what the Federal Reserve System is and how it affects you every single day? THE AMERICAN DREAM takes an entertaining but hard hitting look at how the problems we have today are nothing new, and why leaders throughout our history have warned us and fought against the current type of financial system we have in America today. You will be challenged to investigate some very entrenched and powerful institutions in this nation, and hopefully encouraged to help get our nation back on track.
Buy the high quality video from the website,
http://theamericandreamfilm.com/
The video creators understand that how the monetary system works can be very confusing to some and have done a brilliant job in explaining how the whole system is set up to keep you forever in debt. This is not what the original founding fathers of America had in mind.
Also, this is not just an American problem. It's the same scam in nearly all countries around the world

59:40

How to Stay Out of Debt: Warren Buffett - Financial Future of American Youth (1999)

Buffett became a billionaire on paper when Berkshire Hathaway began selling class A shares...

How to Stay Out of Debt: Warren Buffett - Financial Future of American Youth (1999)

Buffett became a billionaire on paper when Berkshire Hathaway began selling class A shares on May 29, 1990, when the market closed at $7,175 a share. More on Warren Buffett: https://www.amazon.com/gp/search?ie=UTF8&tag=tra0c7-20&linkCode=ur2&linkId=9113f36df9f914d370807ba1208bf50b&camp=1789&creative=9325&index=books&keywords=Warren%20Buffett
In 1998, in an unusual move, he acquired General Re (Gen Re) for stock. In 2002, Buffett became involved with Maurice R. Greenberg at AIG, with General Re providing reinsurance. On March 15, 2005, AIG's board forced Greenberg to resign from his post as Chairman and CEO under the shadow of criticism from Eliot Spitzer, former attorney general of the state of New York. On February 9, 2006, AIG and the New York State Attorney General's office agreed to a settlement in which AIG would pay a fine of $1.6 billion. In 2010, the federal government settled with Berkshire Hathaway for $92 million in return for the firm avoiding prosecution in an AIG fraud scheme, and undergoing 'corporate governance concessions'.
In 2002, Buffett entered in $11 billion worth of forward contracts to deliver U.S. dollars against other currencies. By April 2006, his total gain on these contracts was over $2 billion. In 2006, Buffett announced in June that he gradually would give away 85% of his Berkshire holdings to five foundations in annual gifts of stock, starting in July 2006. The largest contribution would go to the Bill and Melinda Gates Foundation. In 2007, in a letter to shareholders, Buffett announced that he was looking for a younger successor, or perhaps successors, to run his investment business. Buffett had previously selected LouSimpson, who runs investments at Geico, to fill that role. However, Simpson is only six years younger than Buffett.
Buffett ran into criticism during the subprime crisis of 2007--2008, part of the late 2000s recession, that he had allocated capital too early resulting in suboptimal deals. "Buy American. I am." he wrote for an opinion piece published in the New York Times in 2008. Buffett has called the 2007--present downturn in the financial sector "poetic justice". Buffett's Berkshire Hathaway suffered a 77% drop in earnings during Q3 2008 and several of his recent deals appear to be running into large mark-to-market losses.
Berkshire Hathaway acquired 10% perpetual preferred stock of Goldman Sachs. Some of Buffett's Index put options (European exercise at expiry only) that he wrote (sold) are currently running around $6.73 billion mark-to-market losses. The scale of the potential loss prompted the SEC to demand that Berkshire produce, "a more robust disclosure" of factors used to value the contracts. Buffett also helped Dow Chemical pay for its $18.8 billion takeover of Rohm & Haas. He thus became the single largest shareholder in the enlarged group with his Berkshire Hathaway, which provided $3 billion, underlining his instrumental role during the current crisis in debt and equity markets.
In 2008, Buffett became the richest man in the world, with a total net worth estimated at $62 billion by Forbes and at $58 billion by Yahoo, dethroning Bill Gates, who had been number one on the Forbes list for 13 consecutive years. In 2009, Gates regained the position of number one on the Forbes list, with Buffett second. Their values have dropped to $40 billion and $37 billion, respectively, Buffett having lost $25 billion in 12 months during 2008/2009, according to Forbes.
In October 2008, the media reported that Warren Buffett had agreed to buy General Electric (GE) preferred stock. The operation included extra special incentives: he received an option to buy 3 billion GE at $22.25 in the next five years, and also received a 10% dividend (callable within three years). In February 2009, Buffett sold some of the Procter & Gamble Co, and Johnson & Johnson shares from his portfolio.
In addition to suggestions of mistiming, questions have been raised as to the wisdom in keeping some of Berkshire's major holdings, including The Coca-Cola Company (NYSE:KO) which in 1998 peaked at $86. Buffett discussed the difficulties of knowing when to sell in the company's 2004 annual report:
That may seem easy to do when one looks through an always-clean, rear-view mirror. Unfortunately, however, it's the windshield through which investors must peer, and that glass is invariably fogged.
http://en.wikipedia.org/wiki/Warren_Buffett

11:11

The Causes and Effects of the Financial Crisis 2008

Found this super informative and useful video on The Crisis of Credit visualized by Jonath...

BusinessInsider and The Points Guy receive a commission from Citibank if you apply for a card through these article links and are approved ... My flight was on an American Airlines 777-200. Because of a few manufacturing issues, a merger with US Airways, and design changes, American Airlines has a few different types of business class seats across their long-haul fleet ... Read on to see what American Airlines' business class was like....

AUSTIN, Texas--(BUSINESSWIRE)--May 24, 2018--ShippingEasy, the leading provider of cloud-based shipping, inventory management, and customer marketing solutions for e-commerce sellers of all sizes, was named the winner of the GoldStevie� Award ( Customer Service Departmentof the Year) in the ... ....

Rana Foroohar: The Rise of Finance and the Fall of American Business

Eight years on from the biggest market meltdown since the Great Depression, the key lessons of the crisis of 2008 still remain unlearned—and our financial system is just as vulnerable as ever. Many of us know that our government failed to fix the banking system after the subprime mortgage crisis. But what few of us realize is how the misguided financial practices and philosophies that nearly toppled the global financial system have come to infiltrate ALL American businesses, putting us on a collision course for another cataclysmic meltdown. Join us for lunch and conversation with Rana Foroohar, "Time" assistant managing editor and economic columnist, and Tim O'Reilly of O'Reilly Media Inc.
Speaker Rana Foroohar is AssistantManaging Editor of TIME.
Tim O'Reilly, Founder and CEO, O'Reilly Media, moderates the discussion.
For more information about this event please visit: http://www.worldaffairs.org/event-calendar/event/1611

27:31

American Finance: Banking, Financial Markets, Money and Stocks (2014)

Legislation passed by the federal government during the 1980s, such as the Depository Inst...

American Finance: Banking, Financial Markets, Money and Stocks (2014)

Legislation passed by the federal government during the 1980s, such as the Depository Institutions Deregulation and Monetary Control Act of 1980 and the Garn–St. Germain Depository Institutions Act of 1982, reduced the distinctions between banks and other financial institutions in the United States. This legislation is frequently referred to as "deregulation," and it is often blamed for the failure of over 500 savings and loan associations between 1980 and 1988, and the subsequent failure of the FederalSavings and LoanInsuranceCorporation (FSLIC) whose obligations were assumed by the FDIC in 1989. However, some critics of this viewpoint, particularly libertarians, have pointed-out that the federal government's attempts at deregulation granted easy credit to federally insured financial institutions, encouraging them to overextend themselves and (thus) fail.
The savings and loan crisis of the 1980s and 1990s was the failure of 747 of the 3,234 savings and loan associations in the United States. "As ofDecember 31, 1995, RTC estimated that the total cost for resolving the 747 failed institutions was $87.9 billion." The remainder of the bailout was paid for by charges on savings and loan accounts—which contributed to the large budget deficits of the early 1990s.[55]
The concomitant slowdown in the finance industry and the real estate market may have been a contributing cause of the 1990–1991 economic recession. Between 1986 and 1991, the number of new homes constructed per year dropped from 1.8 million to 1 million, which was at the time the lowest rate since World War II.
Until 1989, national banks (those with national charters) were required to participate in the FDIC, while state banks either were required to obtain FDIC insurance by state law or could join voluntarily (usually in an attempt to bolster their appearance of solvency). After enactment of the Federal Deposit Insurance Corporation Improvement Act of 1989 (FDICIA), all commercial banks that accepted deposits were required to obtain FDIC insurance and to have a primary federal regulator (the Fed for state banks that are members of the Federal Reserve System, the FDIC for "nonmember" state banks, and the Office of the Comptroller of the Currency for all NationalBanks).
Note: Federal credit unions are regulated by National Credit Union Administration (NCUA). Savings & Loan Associations (S&L) and Federal savings banks (FSB) are regulated by the Office of Thrift Supervision (OTS).
The Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 amended the laws governing federally chartered banks in order to restore the laws' competitiveness with the recently relaxed laws governing state-chartered banks.
The late-2000s financial crisis is considered by many economists to be the worst financial crisis since the Great Depression.[66] It was triggered by a liquidity shortfall in the United States banking system[67] and has resulted in the collapse of large financial institutions, the bailout of banks by national governments, and downturns in stock markets around the world. In many areas, the housing market has also suffered, resulting in numerous evictions, foreclosures and prolonged vacancies. It contributed to the failure of key businesses, declines in consumer wealth estimated in the trillions of U.S. dollars, and a significant decline in economic activity, leading to a severe global economic recession in 2008.[68]
The collapse of the U.S. housing bubble, which peaked in 2006, caused the values of securities tied to U.S. real estate pricing to plummet, damaging financial institutions globally.[69] Questions regarding bank solvency, declines in credit availability and damaged investor confidence had an impact on global stock markets, where securities suffered large losses during 2008 and early 2009. Economies worldwide slowed during this period, as credit tightened and international trade declined. Critics argued that credit rating agencies and investors failed to accurately price the risk involved with mortgage-related financial products, and that governments did not adjust their regulatory practices to address 21st-century financial markets. Governments and central banks responded with unprecedented fiscal stimulus, monetary policy expansion and institutional bailouts.
http://en.wikipedia.org/wiki/Banking_in_the_United_States

59:04

Park Avenue: money, power and the American dream - Why Poverty?

How much inequality is too much? To find out more and get teaching resources linked to the...

1. Why Finance?

Financial Theory (ECON 251)
This lecture gives a brief history of the young field of financial theory, which began in business schools quite separate from economics, and of my growing interest in the field and in Wall Street. A cornerstone of standard financial theory is the efficient markets hypothesis, but that has been discredited by the financial crisis of 2007-09. This lecture describes the kinds of questions standard financial theory nevertheless answers well. It also introduces the leverage cycle as a critique of standard financial theory and as an explanation of the crisis. The lecture ends with a class experiment illustrating a situation in which the efficient markets hypothesis works surprisingly well.
00:00 - Chapter 1. CourseIntroduction10:16 - Chapter 2. Collateral in the Standard Theory
17:54 - Chapter 3. Leverage in Housing Prices
33:47 - Chapter 4. Examples of Finance
46:13 - Chapter 5. Why Study Finance?
50:13 - Chapter 6. Logistics
58:22 - Chapter 7. A Experiment of the Financial MarketComplete course materials are available at the YaleOnline website: online.yale.edu
This course was recorded in Fall 2009.

30:57

'Makers and Takers': The Rise of Finance and the Fall of American Business

In this Majority Report segment, Rana Foroohar, editor at "Time" magazine and author of a ...

'Makers and Takers': The Rise of Finance and the Fall of American Business

In this MajorityReport segment, Rana Foroohar, editor at "Time" magazine and author of a recently published book on what banking and the financial system are doing to damage our economy.
Watch the Majority Report, live M-F at 12 noon EST and via daily podcast at http://Majority.FM
Download our FREE app: http://majorityapp.com
SUPPORT the show by becoming a member: http://jointhemajorityreport.com
and
BUY all of your Amazon purchase thru our Amazon affiliate link: http://majorityreportkickback.com
LIKE us on Facebook: http://facebook.com/MajorityReport
FOLLOW us on Twitter: http://twitter.com/MajorityFM
SUBSCRIBE to us on YouTube: http://youtube.com/user/SamSeder
WATCH our LIVE show video stream: http://youtube.com/user/MajorityReportLIVE

4:00:15

The Ascent of Money: A Financial History of The World by Niall Ferguson Epsd 1 5 Full Documentary

Professor Niall Ferguson examines the origins of the pillars of the world's financial syst...

The Ascent of Money: A Financial History of The World by Niall Ferguson Epsd 1 5 Full Documentary

ProfessorNiall Ferguson examines the origins of the pillars of the world's financial system, and how behind every great historical phenomenon -- empires and republics, wars and revolutions -- there lies a financial secret.
Episode 1: Dreams of Avarice. From Shylock's pound of flesh to the loan sharks of Glasgow, from the 'promises to pay' on Babylonian clay tablets to the Medici banking system, Professor Ferguson explains the origins of credit and debt and why credit networks are indispensable to any civilization.
Episode 2: HumanBondage. How did finance become the realm of the masters of the universe? Through the rise of the bond market in Renaissance Italy. With the advent of bonds, war finance was transformed and spread to north-west Europe and across the Atlantic. It was the bond market that made the Rothschilds the richest and most powerful family of the 19th century. And today governments are asking it to bail them out.
Episode 3: BlowingBubbles. Why do stock markets produce bubbles and busts? Professor Ferguson goes back to the origins of the joint stock company in Amsterdam and Paris. He draws telling parallels between the current stock market crash and the 18th-centuryMississippi Bubble of Scottish financier John Law and the 2001Enron bankruptcy. He shows why humans have a herd instinct when it comes to investment, and why no one can accurately predict when the bulls might stampede.
Episode 4: Risky Business. Life is a risky business -- which is why people take out insurance. But faced with an unexpected disaster, the state has to step in. Professor Ferguson travels to post-Katrina New Orleans to ask why the free market can't provide adequate protection against catastrophe. His quest for an answer takes him to the origins of modern insurance in the early 19th century and to the birth of the welfare state in post-war Japan.
Episode 5: Safe As Houses. It sounded so simple: give state-owned assets to the people. After all, what better foundation for a property-owning democracy than a campaign of privatisation encompassing housing? An economic theory says that markets can't function without mortgages, because it's only by borrowing against their assets that entrepreneurs can get their businesses off the ground. But what if mortgages are bundled together and sold off to the highest bidder?
Episode 6: Chimerica. Since the 1990s, once risky markets in Asia, Latin America and eastern Europe have become better investments than the UK or US stock market. The explanation is the rise of 'Chimerica', the economic marriage of China and the United States. But does it make sense for poor Chinese savers to lend to rich American spenders?
http://www.RebelMystic.com

The American Dream - Understanding Money and the Banking System

Posted with Permission - Please support the video creators by buying the high quality video from their website or by making a donation
http://theamericandreamfilm.com/
The AMERICAN DREAM is a 30 minute animated film that shows you how you've been scammed by the most basic elements of our gov